Fed Chair on CBDC: ‘We Need to Understand It First and Best’ — But Is He Too Late?

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Emmer asked "What substantive recent actions has the Fed taken to understand and experiment with this technology?" 

Powell said the Fed needed to be on top of the issue, but did not actually mention any actions of substance at all:

"We owe it to the public that we serve to be up to speed. If this is something that is going to be good for the United States economy and for the world's reserve currency, which is the dollar, then we need to be there and we need to understand it first and best." 



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