Source: South China Morning PostChina’s rapid development of a digital version of the yuan will not push the Federal Reserve to rush its own digital currency project, Federal Reserve Chair Jerome Powell said on Wednesday, adding that China’s approach would not work in the United States.Powell, in remarks following the Fed’s latest policy meeting, emphasised the Fed’s primary goal is not speed to market but rather avoiding any calamitous misstep in executing digitalisation of the dollar, which remains the world’s dominant…Read More