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Powell Says Fed Hasn’t Made Call on Digital Currency

Oct.19 — Federal Reserve Chairman Jerome Powell says it is “more important for the United States to get it right than to be first” when it comes to issuing a digital currency. He speaks on a panel hosted by the International Monetary Fund during its annual meeting.

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Oct.19 — Federal Reserve Chairman Jerome Powell says it is “more important for the United States to get it right than to be first” when it comes to issuing a digital currency. He speaks on a panel hosted by the International Monetary Fund during its annual meeting.

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14 Comments

14 Comments

  1. ANoiNTeD WoN

    October 19, 2020 at 5:43 pm

    ????

  2. Bahls Deepe

    October 19, 2020 at 5:45 pm

    Digital Currency = inevitable???? #CatchUp

  3. Koh Aceng

    October 19, 2020 at 5:46 pm

    Bitcoin to moon

  4. Alex Reyes

    October 19, 2020 at 5:59 pm

    Implementing a digital dollar would mean everything would be recorded in a database which would allow central banks to know exactly how much money someone has as well as knowing where those dollars are going. While there are pros and cons, it’s something so unheard of to many people. Yet, China has began its trail on its digital currency with $1.5 million. It’s probable that this could happen in the United States as it can lead governments to oversee absolutely everything in the macroeconomy with the intention of directing its digital currency to struggling sectors in way to promote sustainable GDP growth. It’s looking more and more clear as to why Jack Dorsey, CEO of Square and Twitter and would invest $50 million in bitcoin as well as many countries around the world investing heavily on gold.

  5. Justin

    October 19, 2020 at 6:21 pm

    Buy physical gold

    • Shutter Eff3ct

      October 19, 2020 at 9:46 pm

      Buy of all kinds ?

  6. Ryan Billingsley

    October 19, 2020 at 6:31 pm

    They ????% already made a decision
    Quant network is working with MIT to create a multi dlt operating system with interoperable cbdc capabilities. $QNT

  7. Giannis Christopoulos

    October 19, 2020 at 6:38 pm

    Digital currencies are inevitable, like digital payment systems. Technological leaps in general are inevitable. Full technologization of the economy, the state and society is inevitable. In the long run, technology and biology will merge. This artificially selected evolutionary path is inevitable so long as we do not go extinct for some reason.

  8. Duran

    October 19, 2020 at 7:41 pm

    You will struggle understanding the crypto world if you still believe that Bitcoin is just a currency for payment. Bitcoin is as currency as gold, silver or oil.????
    So, you need to stop looking at it as a payment regime, and start looking at it as a commodity/asset that works better in storing value and as collaterals; since the underlying technologies that Bitcoin and other alt-coins have brought about (like Blockchain, Smart Contract, DeFi, NFTs…etc) are more influential and have far reaching implications for our future and the global structure.

    • Fid LaF

      October 19, 2020 at 8:48 pm

      ] Don’t believe all this crap that Bitcoin is ‘digital gold’, or that it will evolve past these scaling issues. It’s not like gold because gold can have low popularity and still have value. Bitcoin needs a lot of popularity to keep it secure. If it loses popularity, miners drop off, it becomes exposed to double-spend, and then sudden catastrophic failure. But they’ll never tell you this, they’ll just keep feeding the Bitcoin hopium to you until you OD on lambo ads.

  9. mrpmj00

    October 19, 2020 at 8:47 pm

    BITCOIN is toy monopoly money. Better to buy Facebook, and get free Libra (crypto like bitcoin) and eCommerce as icings on the cake.
    It’s been 10 years and most people still don’t know or care. It’s like a pet rock.
    You cannot take gold, silver, and to a large extent bitcoin into a store and buy food yet.
    I bought Amazon, Apple, Nvidia, Facebook, Microsoft, Google, Wells Fargo, CRM, Lululemon, Broadcom (AVGO), Adobe

    • Metacognition88

      October 19, 2020 at 10:44 pm

      Lol

    • ritwik nandakumar

      October 20, 2020 at 1:01 am

      You didn’t buy Tesla. Sad! Makes me question the merit of your content.

  10. Kayes Ahmed

    October 19, 2020 at 9:26 pm

    ♥️ it

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Bloomberg Technology

SK Hynix Starts Trading on Nasdaq, Opens 14% Above Offer Price | Bloomberg Tech 7/10/2026

Ed Ludlow sits down for an interview with SK Group Chairman Chey Tae-won from the Nasdaq to discuss SK Hynix’s US listing, the biggest-ever by a foreign company. Meanwhile, Bloomberg’s David Gura takes a look at SK Hynix shares as they start trading on the Nasdaq, and dives deeper into the listing’s impact on the…

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Ed Ludlow sits down for an interview with SK Group Chairman Chey Tae-won from the Nasdaq to discuss SK Hynix’s US listing, the biggest-ever by a foreign company. Meanwhile, Bloomberg’s David Gura takes a look at SK Hynix shares as they start trading on the Nasdaq, and dives deeper into the listing’s impact on the rest of the US chip sector.
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SK Chairman Chey Tae-won on SK Hynix Debut, AI Demand and US Plans

Chey Tae-won, chairman of SK Hynix parent SK Group, says they waited a long time to list SK Hynix in the US and calls it a “dream come true.” The head of the South Korean chipmaker talks about raising $26.5 billion in the largest-ever US listing by a foreign company and also discusses the outlook…

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Chey Tae-won, chairman of SK Hynix parent SK Group, says they waited a long time to list SK Hynix in the US and calls it a “dream come true.” The head of the South Korean chipmaker talks about raising $26.5 billion in the largest-ever US listing by a foreign company and also discusses the outlook for AI demand and his US investment plans.
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SK Chairman Says He Has ‘Much, Much Bigger’ Plans for US

Chey Tae-won, chairman of SK Hynix parent SK Group, discusses his plan to invest more money in the US. He speaks with Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:   Get…

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Chey Tae-won, chairman of SK Hynix parent SK Group, discusses his plan to invest more money in the US. He speaks with Ed Ludlow on “Bloomberg Tech.”
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