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

(MNI) WASHINGTON

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

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