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Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years

Published 12/06/2019, 08:10 AM
Updated 12/06/2019, 09:41 AM
Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years

United States Secretary of the Treasury Steven Mnuchin said that he and Federal Reserve Chairman Jerome Powell do not anticipate the development of a national digital currency in the country.

Mnuchin delivered his comments during a House Financial Services Committee hearing in Washington, Bloomberg reported on Dec. 5. “Chair Powell and I have discussed this — we both agree that in the near future, in the next five years, we see no need for the Fed to issue a digital currency,” Mnuchin said.

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