Jerome Powell highlights the positive state of the economy.
09/05/2018
https://www.congress.gov...
It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.
we don't see it as at all appropriate for us to tell banks what legal businesses they can lend to; that is not our role.
I strongly agree.
Price stability is the responsibility of the Federal Reserve, and without it, the economy does not work for anyone.