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The Federal Reserve will only issue a central bank digital currency (CBDC) with support from the White House and Congress, says Nellie Liang.
Stocks stalled on Wall Street on Wednesday, a day after falling to their worst loss since December on worries about higher interest rates.
Stocks tumbled to their worst day in two months Tuesday, buckling under worries about higher interest rates and their squeeze on Wall Street and the economy.
A top Federal Reserve official downplayed recent signs that the economy is strengthening, but also said he is prepared to keep raising interest rates in smaller increments as often as needed to quell inflation.
A top Federal Reserve official downplayed recent signs that the economy is strengthening, but also said he is prepared to keep raising interest rates in