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Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell have reaffirmed the United States’ interest in a digital dollar. At the NYTimes Dealbook Conference, in response to our tracker, Secretary Yellen said: “I think it [the digital dollar] could result in faster, safer, and cheaper payments, which I think are important goals.” During a testimony before the Senate Banking Committee, Powell began by confirming, “We are looking carefully, very carefully at the question of whether we should issue a digital dollar.”
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