Jerome Powell: “I think there are many questions that need to be answered around a digital currency for the United States.”

Without the ability to pay interest on reserves, the Fed would lose control over rates

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.

Rising downside risks to employment have shifted our assessment of the balance of risks