Jerome Powell actually said...

It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.

Chair Powell emphasizes the need for congressional approval for a retail CBDC.

06/21/2023

More Jerome Powell Quotes

I will say, though, it feels like we don’t need to be in a hurry.

At the Fed, we are squarely focused on achieving the dual-mandate goals Congress has given us of maximum employment and stable prices

significantly larger than expected

it is also possible that the effects could be more persistent