… with Jerome Powell, the chair of the Federal Reserve, who said, yeah, we, we would need congressional approval to go with a retail CBDC which is direct to consumer. But We are working to build a wholesale central bank digital currency or a back end framework. that is essentially a central bank digital currency. And Chairman Hill highlighted that in a dialogue I think in March of 2023. (02:52–02:59)
CLAIM
Asserts that work is ongoing to build a wholesale central bank digital currency framework.
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