He sounds like a great free market guy and I'm very confident when he sits in Elizabeth Warren's office, he sounds like Comrade Marx. And the Fed. I have not been able to nail Jay Powell down on whether the Fed has authority to create a cbdc. I think the answer is clearly no. But I want to pass legislation to make unequivocally clear that we will not see a CBDC from the Fed. (13:09–13:15)
CLAIM
Asserts uncertainty about the Federal Reserve's authority to create a CBDC.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
