Fed chair says it's up to Congress to bring a digital dollar to market
Cointelegraph
Published Feb 24, 2021 05:05PM ET
Updated Feb 24, 2021 06:40PM ET
Federal Reserve hair Jerome Powell said 2021 will likely have the central bank engaging with the public and lawmakers regarding the digital dollar.
In a House Financial Services Committee hearing today, Powell responded to questions from Rep. Patrick McHenry, who said the digital dollar would likely face national and economic security issues for the United States. Powell said there were many concerns surrounding the project and the Fed intended to reach out to the public.
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Written By: Cointelegraph
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