Federal Reserve Declares CBDC a “Key Duty” to Congress, Despite Public Statements Attempting To Downplay Its Focus
Fed has only recently been telling Congress that steps leading to a digital dollar are among its “7 key duties.”
This is according to Congressman Tom Emmer, who posted a document on X on March 14, explaining that his office received it as the Fed representatives were in Congress for a presentation.
What caused the alarm is the mention of Automated Clearinghouse and FedNow among the “key duties,” as these payment systems are seen as a way to move towards a CBDC.
Chairman Jerome Powell told the Banking, Housing and Urban Affairs Committee that adopting or even recommending a US CBDC was a something that was “nowhere near (…) in any form.”
“People don’t need to worry about it,” Powell also said.
Brainard is reported as saying a CBDC would “reinforce global dollar dominance” and be “a safe central bank liability in the digital financial ecosystem.”
Source: reclaimthenet.org
Donald Trump Claims He Will “Never Allow” Creation of CBDC in the US if Reelected
A key duty? To continue crapping on our Constitution and the rule of law? They've gotten away with this because most people never suspected that the FR had nothing to do with our government. They just ran right over the top of our US Treasury and so it remained.
END THE FED. They can do whatever over THEIR dead bodies.
The Federal Reserve is NOT part of the US Government, it's a PRIVATE bank that acts in its own best interest. It needs to go ASAP!
Federal Reserve Declares CBDC a “Key Duty” to Congress, Despite Public Statements Attempting To Downplay Its Focus
Fed has only recently been telling Congress that steps leading to a digital dollar are among its “7 key duties.” This is according to Congressman Tom Emmer, who posted a document on X on March 14, explaining that his office received it as the Fed representatives were in Congress for a presentation. What caused the alarm is the mention of Automated Clearinghouse and FedNow among the “key duties,” as these payment systems are seen as a way to move towards a CBDC. Chairman Jerome Powell told the Banking, Housing and Urban Affairs Committee that adopting or even recommending a US CBDC was a something that was “nowhere near (…) in any form.” “People don’t need to worry about it,” Powell also said. Brainard is reported as saying a CBDC would “reinforce global dollar dominance” and be “a safe central bank liability in the digital financial ecosystem.” Source: reclaimthenet.org
Donald Trump Claims He Will “Never Allow” Creation of CBDC in the US if Reelected
https://finance.yahoo.com/news/donald-trump-claims-never-allow-044123759.html
So the Fed dictates "key duties" to Congress?
"you vill do vhat ve vant and you vill like it."
A key duty? To continue crapping on our Constitution and the rule of law? They've gotten away with this because most people never suspected that the FR had nothing to do with our government. They just ran right over the top of our US Treasury and so it remained.