Is a Digital Dollar Coming Soon, and What Would It Mean for Americans’ Privacy?
When asked whether a Federal Reserve or Central Bank Digital Currency might be on the horizon, Federal Reserve Chairman Jerome Powell told a congressional committee this year, “We’re nowhere near recommending or let alone adopting a central bank digital currency in any form.”
While Powell admits that while the central bank continues to work on a digital currency, he realizes the obstacles to success at the present time are insurmountable.
For starters, the Fed knows a Central Bank Digital Currency or CBDC could wreck the nation’s banking industry, threaten the dollar’s status as the world’s reserve currency and even threaten the Fed itself.
Read the full story from CBN’s Dale Hurd:
https://www2.cbn.com/news/us/digital-dollar-coming-soon-and-what-would-it-mean-americans-privacy
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