On the recordJune 21, 2023
It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.
Source
congress.govEditor's note · Context
Chair Powell emphasizes the need for congressional approval for a retail CBDC.
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More from Jerome Powell
Jul 1, 2025
What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.
Jul 1, 2025
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.
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