Found this....from 2 hours ago ....
Fed’s Powell: a U.S. digital dollar could help maintain international primacy
And, this....in same article....
Powell cited the importance of the dollar in global financing, noting in particular the significance of vehicles such as the one the Fed put in place during the Covid pandemic that loaned greenbacks to global central banks in need of liquidity.
He also noted coming changes in the global financial system, including the use of digital currencies and payments systems like FedNow, a service expected to come online in 2023.
A digital currency, as has been discussed by Fed officials, could help support the dollar as the world’s reserve currency, he said.
“Looking forward, rapid changes are taking place in the global monetary system that may affect the international role of the dollar in the future,” Powell added.
The damn dollar is digital, except for the money in actual circulation. They printed 7x the US money supply since Obama came into office. Biden printed 40% in the last 15 months as well.
GDP be dammed. The Fed’s job is to grow the money supply by managing loans to sectors of the economy. Democrats wanted a little for black loans, then women’s loans, minority loans, and tuition for minorities, all coming at the expense of actual money management by the Fed Res. When your political masters dilute the mission of an organization and divert growth away from the nation, we all suffer and not just the White Males.
Thanks for posting.
Thanks- that gives some perspective to the quoted remark.