Fed still undecided about digital dollar, says Chair Jerome Powell

Cointelegraph

Published Sep 23, 2021 08:49AM ET

Updated Sep 23, 2021 10:20AM ET

The United States Federal Reserve is still evaluating the prospects of introducing a digital currency for the country but says it has not yet decided on the matter.

Speaking at a news conference on Wednesday, Powell stated that the Federal Reserve was studying the merits of creating a digital dollar and has plans to issue a paper on the matter.

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