Free Trial

MNI BRIEF: Powell Says Fed's CBDC Report Coming Soon

The Federal Reserve will "very soon" release research examining the costs and benefits of a central bank digital currency, or CBDC, Fed Chair Jerome Powell said on Tuesday.

"I would think very soon," Powell told the Senate Banking Committee, when asked when the report is expected and why it has been delayed. "Certainly in coming weeks. The reasons are just trying to get it right and trying to find the time to get it right."

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.