Fed Chair Admits IMF Is Moving to Digital Dollars

October 20, 2020

While the world’s financial industry moves stealthily toward a cashless society, Jerome Powell, chair of the Federal Reserve, said in a meeting of the International Monetary Fund (IMF) that they need to do “’extensive’ public consultation with stakeholders” before completing the move. According to ZeroHedge, “Powell also listed the main reasons why central banks are obsessed with [this] … [to] improve the payments system, which include faster and...

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