Jerome Powell, Speaker of the Federal Reserve, committed a decisive commitment during the last Senate session, and promised that the United States would not have a central bank’s digital currency (CBDC) as long as it leads the Federal Agency. A few days ago, US President Donald Trump signed an executive order prohibiting the establishment and release of CBDC in the country, and according to a promise he presented during the election campaign.
CBDC defines as “a form of digital money or cash value, which is densely denied by the National Account Unit, and it is a direct responsibility for the central bank.” Now, when the Federal Reserve Chairman agreed to empty the CBDC concept.
Only in: 🇺🇸 Powell’s Chairman of the Federal Reserve commits the failure to create a central bank of the Central Bank (CBDC). pic.twitter.com/sgkf9ok7qt
Bitcoin (PitcoinMagazine) Magazine February 11, 2025
Jerome Powell: No rush to reduce interest rates
In the letter, Jerome Powell also refused to reduce federal rates, saying “no rush” to reduce the short -term interest rate again by referring to a “general strong economy”, with unemployment and inflation that remains higher than the Federal Reserve 2 % goal.
Jerome Powell said that the Federal Reserve will help Depanging after the Senator Sentea Lomes interrogated the “Planet 2.0”, an alleged effort by federal banking organizers to strangle the cryptocurrency industry. In response, he said: “I was shocked, my colleagues and I and my colleagues were shocked by the number of increasing cases of what appears to be Debank.”
Also read: The price cuts can start 2 % before inflation: Jerome Powell
