The Fed board has been weighing the logic of introducing a digital dollar, though officials have been careful to remain neutral and suggest that any plan should have the backing of Congress and the administration. That’s the line, too, that Michael Barr – President Joe Biden’s pick to be the next Fed vice chairman for supervision – echoed at his confirmation hearing last week. However, several new Fed board members were sworn in on Monday, marking an official transition to the era of Biden appointees.
Related posts
-
Report: Mango Markets Exploiter Convicted in Multi-Million Dollar Crypto Fraud Case
A U.S. federal jury has convicted Avraham ‘Avi’ Eisenberg... -
Reserve Bank of New Zealand Starts Consultation on CBDC Digital Cash
New Zealand’s CBDC is undergoing a multi-stage and multi-year process, and the country has not decided... -
No Fed Rate Cuts? No Worries For Bitcoin, Says Research Firm
As the US economy grapples with rising inflation expectations and scaled-back forecasts for Federal Reserve rate...