Fed's Powell: a U.S. digital dollar could help maintain international primacy

06/17 14:56

The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday, weighing in with generally positive remarks on a hot-button topic at the central bank that has left policymakers divided. "As we consider feedback...we will be thinking not just about the current state of the world, but also how the global financial system might evolve over the next 5 to 10 years," Powell added.

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