freedom of movement

Quote from Powell; “I actually do think this is one of those issues where it’s more important for the United States to get it right, than it is to be first,” he said. “Given the dollar’s important role globally, it’s essential that we remain on the frontier of research and policy development. He also added: “There are a number of ways that a CBDC (Central Bank Digital Currency) might improve the payments system, and it is mainly this area that motivates out interest.” Powell championed the Federal Reserve Bank of Boston’s collaboration with MIT’s Digital Currency Initiative’ research into CBDCs but stopped well short of commending the introduction of a digital dollar. Instead the chairma...View all