Powell on China's digital currency not a good fit for US

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March 28 - The approach China is taking in launching a digital currency for the US would not be a good fit for the United States, Federal Reserve Chair Jerome Powell said on Wednesday, repeating his view that he is much more concerned with getting the approach right than with being the first.

The currency that is being used in China is not one that would work here, Powell said during a news conference after the conclusion of the Fed's two day policy meeting.It is one that allows the government to see every payment for which it is used in real time.What were the most significant improvements in the UK’s insurance market?

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