The Federal Reserve will engage the public on a digital dollar this year

The Federal Reserve will be engaging with the public on the question of a digital dollar, according to Chair Jerome Powell.

Powell made his comments during Wednesday’s House Financial Services Committee hearing in response to questions on the digital dollar concept from Representative Patrick McHenry (R-NC).

“This is going to be an important year,” he said. “This is going to be the year in which we engage with the public pretty actively.”

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