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Fed Chair: ‘We Have the Ability to Create Money Digitally’

Published 05/18/2020, 04:29 AM
Updated 05/18/2020, 06:00 AM
Fed Chair: ‘We Have the Ability to Create Money Digitally’

Chair of the United States Federal Reserve Jerome Powell recently spoke about measures taken during the financial crisis, with many on Twitter viewing his remarks as evidence of the need for cryptocurrency.

In a May 17 interview on 60 Minutes, Powell spoke to news anchor Scott Pelley, saying the Fed had essentially flooded the economy with money printed in response to the Dow Jones falling in March and investors turning away from U.S. Treasuries.

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