The US Federal Reserve is now exploring the possibility of issuing a central bank digital currency (CBDC). Federal Reserve and central bank digital currency Chairman of the Federal Reserve Board, Jerome Powell, replied to US representatives French Hill and Bill Fosters, who had asked whether the Federal Reserve plans to launch a digital currency. The news was reported by financial services reporter Zachary Warmbodt in a Twitter post. The images shared by Warmbrodt Powell told Congress that the Federal Reserve is studying central bank digital currencies (CBDCs) to see if it is feasible. He stated that although it is not
