“We Have the Ability to Create Money Digitally” by Cointelegraph

Recently, Jerome Powell, the Chair of the United States Federal Reserve, addressed the measures implemented during the financial crisis, sparking discussions on Twitter about the relevance of cryptocurrency.

During a May 17 interview on a prominent news program, Powell spoke with anchor Scott Pelley about how the Federal Reserve responded to the economic downturn in March. He explained that the Fed essentially injected substantial amounts of money into the economy as a reaction to the decline of the Dow Jones and the waning interest of investors in U.S. Treasuries.

This conversation has led to increased interest in alternative financial systems, as many see cryptocurrency as a potential solution to the issues raised.