Digital Dollar Deliberation: Powell Puts the Brakes on CBDC

1. Introduction

   • Overview of the digital dollar concept and recent developments

2. Powell's Position on the Digital Dollar

   • Summary of Jerome Powell's recent statements

   • The emphasis on cautious deliberation over rapid deployment

3. Political Reactions and Public Concerns

   • The spectrum of opinions from political figures

   • Public apprehensions regarding privacy and surveillance

4. Comparative Analysis with Global CBDC Initiatives

   • How the US stance compares to other nations' CBDC efforts

   • Lessons from the digital yuan and other digital currencies

5. The Path Forward for the Digital Dollar

   • Necessary steps and Congressional approval

   • Potential timelines and future scenarios

6. Implications for the Financial System

   • How a digital dollar could transform banking and commerce

   • Challenges and opportunities in implementing a CBDC

7. Conclusion

   • Recap of the Federal Reserve's current position

   • What to watch for in the evolution of digital currency policy

_{Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.}