(Ben Bailey) The Federal Reserve (FED) is rolling out plans to develop a “Digital Dollar”, according to FED President Jerome Powell. According to a report in Reuters, there had been speculation that such a thing would develop in response to the popularity in cryptocurrencies and the decreasing value of the US Dollar (USD). Critics of the Digital Dollar, or what is often referred to as a Central Bank Digital Currency (CBDC) point to the idea that the FED will have the power to freeze accounts on an arbitrary basis.