While speaking at a virtual event organized by the Bank of International Settlements (BID), FOMC Chairman Jerome Powell said they are not in a mode of trying to make a decision yet on a central bank digital currency (CBDC). “We don’t need to rush it or be first to the market,” Powell added. “We don’t want to destabilize the existing two-tiered system, we don’t want to compete with banks for funding.” Market reaction Market participants largely ignored these comments. The US Dollar Index, which tracks the USD’s performance against a basket of six major currencies, was last seen posting small daily losses at 91.85. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Index opens modestly lower, tech shares gain traction FX Street 8 months While speaking at a virtual event organized by the Bank of International Settlements (BID), FOMC Chairman Jerome Powell said they are not in a mode of trying to make a decision yet on a central bank digital currency (CBDC). "We don't need to rush it or be first to the market," Powell added. "We don't want to destabilize the existing two-tiered system, we don't want to compete with banks for funding." Market reaction Market participants largely ignored these comments. The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, was last seen posting small… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
