Digital dollar: US Fed analysing possible impact on economy

The central bank of digital currency (CBDC) or digital dollar is currently under study since the implications can be tough for the existing economic system in the United States. The United States Federal Reserve (Fed) System is now assessing the risks on the financial structure. The Fed board chairman spoke to US representatives with the intention to pursue the federal board into deploying the digital dollar CBDC. US CBDC digital dollar on way? New: Powell told Congress today that the Federal Reserve is exploring whether it makes sense to issue its own digital currency that could be used by households