Powell: A well-managed stand-alone fund can join CBDCs.

On Jan. 22, following last week's Senate hearing, Chairman Powell answered questions from Pat Tumi, a Republican representative in the Senate House of Representatives on the day the Fed announced the first increase in central bank digital currencies. Toomey asks if self-employed alternatives, especially existing ones, can do checks for CBDCs. Powell expressed concern about stablecoins, but argued that they should be able to join CBDCs that have yet to be explored. American payment system. Other options may also include the benefits of stable design and management. Stable self-regulation can join CBDCs. In the future, CBDCs, fixed coins, and other currencies might serve different needs or preferences. Managing all types of funds is essential. "