Express
Fed Chairman Shows Support For Private Crypto Transactions
Summary: Jerome Powell, in front of the House Financial Services Committee, acknowledged the need for private crypto transaction, according to The Bitcoin News. Chairman Powell spoke on Facebook's Libra and the implications digital currency could have on monetary policy. He also spoke on the Repo market's volatility, the Equifax cyberattack, and the economic challenges presented by ...
Jerome Powell, in front of the House Financial Services Committee, acknowledged the need for private crypto transaction, according to The Bitcoin News.
Chairman Powell spoke on Facebook's Libra and the implications digital currency could have on monetary policy. He also spoke on the Repo market's volatility, the Equifax cyberattack, and the economic challenges presented by the Corona Virus outbreak. Powell believes a fully transparent system is not ideal for the U.S. economy and spoke out in support for private cryptocurrency transactions. In regards to the FED's inflation target for 2%, they are currently lower than desired and are aiming to reach their 2% goal.
By Claudia Rivera
Tags: Adoption,Cryptocurrency,The Federal Reserve,USA
Link: Fed Chairman Shows Support For Private Crypto Transactions [Copy]
