Fed's Powell on Digital Dollar: 'I Want to Get It Right'

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Jul.14 -- Federal Reserve Chairman Jerome Powell says the U.S. dollar is not in danger of losing its status as the global reserve currency. He speaks during testimony before the House Financial Services Committee.
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Yea the dollar has been the reserve currency already for many many years . How many more years you think it can still go on ? We are going on 50 years already Mr powell

adriansegura
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None of those other currencies has enough circulation to replace the dollar. Don't worry about it. 😊

liveasifyouweretodietomorr
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I think he misses the point of NOT using fiat currency. "Digital" is just the method.

shawno
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Powell is FOS, the digital $$ will be inflationary just like it is now

vambo
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They need to compell labor. So it'll probably not reflect the investment of laborers. And instead the investment of people who don't labor.

mikepict
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If Crypto is anti establishment and about getting away from the Federal Reserve, why would crypto investors want a Fed Backed anything, Jerome?

ask_why
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Only way it wud work is if it was backed by silver 15 coins get u a gram pure silver!

reptilianttt