Even while pressure mounts to taper its asset purchases, the central bank will continue its accommodative quantitative easing.
The Federal Reserve chair said "the more direct route" would be to regulate stablecoins.
The Federal Reserve chief signaled the U.S. central bank isn’t likely to dial back monetary stimulus anytime soon.
The report will address cryptocurrencies, stablecoins and CBDCs.
Brian Armstrong is listed on the central bank's calendar, public records show.
Jerome Powell sees inflation as strong but short-lived. Why do some expect prices for cars, chips, and other key goods to stop rising?
"You are seeing things in the capital markets that are a bit frothy, that's a fact," said Powell. "I won't say it has nothing to do with monetary policy."
The U.S. is biding its time to see whether a CBDC was something that would be a "good thing for the people," Powell said Wednesday.
Fed Chair Jerome Powell's challenge is to convince traders he's got the resolve to respond to runaway inflation, without actually doing anything.
The Fed chairman spoke at a virtual payments conference hosted by the Basel Committee on Banking Supervision.
Bitcoin’s increasing reliance on purchase announcements for short rallies may not be an entirely healthy trend.
Bitcoin prices quadrupled last year and have rallied 66% this year on speculation the cryptocurrency could serve as an inflation hedge.
“This is going to be an important year,” Powell said of the digital dollar project.
"The economic recovery remains uneven and far from complete, and the path ahead is highly uncertain," the Fed chairman said.
Bitcoin's price has declined 20% since Sunday.