On March 8th of 2023, in a dialogue with Chairman Hill, Federal Reserve Chairman Jerome Powell said that they would need congressional approval for a retail cbdc. But he went on to explain that You could have a layered CBDC and they're building just that at the Federal Reserve. We should completely turn that off. And that's why we need to pass Emmer's bill. I'll talk about that later. (02:00–02:06)
CLAIM
Asserts that the Federal Reserve is building a layered CBDC.
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