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Powell Says Fed Will Release Crypto Report 'Within Weeks'

During his Senate confirmation hearing on Tuesday, the Fed chairman also said a CBDC wouldn't necessarily lead to a ban on private stablecoins.

By Cheyenne Ligon

Updated May 11, 2023, 4:59 p.m. Published Jan 11, 2022, 10:18 p.m.

WASHINGTON, DC - JANUARY 11: Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, January 11, 2022 in Washington, DC. (Photo by Brendan Smialowski-Pool/Getty Images)