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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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China Tech In Bear Market, Google’s Chrome Future | Bloomberg Technology

Bloomberg’s Caroline Hyde discusses the increasing pressure faced by Chinese tech names as the sector enters bear territory. Plus, what’s next for Google’s Chrome browser after the DOJ says it must be divested, and Project Liberty on a potential opportunity to buy out TikTok. Chapters: 00:09:00 – Chamber of Progress CEO Adam Kovacevich 00:18:00 –…

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Bloomberg’s Caroline Hyde discusses the increasing pressure faced by Chinese tech names as the sector enters bear territory. Plus, what’s next for Google’s Chrome browser after the DOJ says it must be divested, and Project Liberty on a potential opportunity to buy out TikTok.

Chapters:
00:09:00 – Chamber of Progress CEO Adam Kovacevich
00:18:00 – Talking Tech
00:32:20 – Menlo Ventures Partner Tim Tully
00:38:10 – Project Liberty Founder Frank McCourt Jr.
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Project Liberty: We’re In a Position to Buy TikTok

Frank McCourt Jr., founder of Project Liberty, says the company may have the opportunity to buy TikTok “when and if it is sold.” He joins Caroline Hyde to discuss on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and…

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Frank McCourt Jr., founder of Project Liberty, says the company may have the opportunity to buy TikTok “when and if it is sold.” He joins Caroline Hyde to discuss on “Bloomberg Technology.”
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Following the AI Money Trail

Tim Tully of Menlo Ventures discusses their latest report on where enterprises are spending within the Gen AI landscape. He joins Caroline Hyde to discuss on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:  …

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Tim Tully of Menlo Ventures discusses their latest report on where enterprises are spending within the Gen AI landscape. He joins Caroline Hyde to discuss on “Bloomberg Technology.”
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