ICYMI: Fed chair and US senator agree on core principles — and limits — for a potential digital dollar
earlier today focusing on Federal Reserve Chair Jerome Powell’s renomination.
“It all comes down to design,” Toomey told The Block. “If design goes badly, then we’re much better off not having a central bank digital dollar. But if it’s properly designed, then I think it could make sense as long as we allow privately issued stablecoins to exist.” In his final questions to the Fed chair, Toomey sought to confirm such limits on a CBDC. And Powell seemed to be on board, based on the dialogue.
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