Jerome Powell is Chair of the Federal Reserve. Where his colleagues in the defense of the dollar at least pretend the paper dollar has a future, Powell says the quiet part at press conferences.

Arc history

Powell’s first canonical remarks came at the January 2023 announcement of the Mr. Monopoly $100 bill, where he supported the redesign on the grounds of its own irrelevance: “Very few people actually use the paper money anymore. This seems like a really good way to transition to CBDC’s” (Mr. Monopoly to Replace Benjamin Franklin On $100 Bill).

irl: Jerome Powell is the real Federal Reserve Chair. The quote is invented, compressing years of central-bank digital-currency hedging into one honest sentence.

Appearances

In the news (1)

• Mr. Monopoly to Replace Benjamin Franklin On $100 Bill — 2023-01-30, quoted