Fed Rejects CBDC After Trump Ban, as Global Digital Currency Plans Stall
By Tom Ozimek The Federal Reserve will never adopt a central bank digital currency (CBDC), the U.S. central bank’s chairman, Jerome Powell, confirmed on Tuesday to lawmakers on Capitol Hill. Powell’s pledge follows President Donald Trump’s recent executive order barring federal agencies from developing a digital dollar and comes amid a broader slowdown in CBDC adoption by central banks…
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