Federal Reserve Chairman Jerome Powell said the U.S. will never have a central bank digital currency as long as he leads the Fed.
Powell: No CBDC while he leads the Fed
February 12, 2025 / By ICBA
Federal Reserve Chairman Jerome Powell said the U.S. will never have a central bank digital currency as long as he leads the Fed.
Federal Reserve Chairman Jerome Powell said the U.S. will never have a central bank digital currency as long as he leads the Fed.
Details: Testifying before the Senate Banking Committee on the Fed’s monetary policy report to Congress, Powell—responding to a question from Sen. Bernie Moreno (R-Ohio)—affirmed that the country would never have a CBDC under his watch.
ICBA View: ICBA has repeatedly expressed opposition to the creation of a U.S. central bank digital currency, requesting federal records from U.S. agencies on whether legislative changes are required to issue a U.S. CBDC.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
