Fed Chair Powell: Fed Plans To Work With U.S. Mint And Create Task Force To Address Coin Shortage Dc Vs Kkr [poXRq2OtFpy]

Health Updated on August 06, 2026 EDT — Published on August 06, 2026 EDT

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Federal Reserve chairman Jerome moon Powell holds a news conference following the Fed's decision to leave interest rates unchanged. He address the coin shortage issue plaguing the United States during the coronavirus pandemic. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

Powell said the Fed is closely monitoring an ongoing coin shortage in the U.S. and is working with the mints to restore normal currency circulation.

The quantity of coins is going up, but was adequate before the pandemic. The problem is the circulation kind of stopped because stores were closed, banks were closed, customers werent spending, Powell said. The coins stopped moving in the system so weve been working ever since that began to happenwe saw it happening right away. Weve been working to try to reverse that disruption in the supply chain and restore normal circulation for our coins.

So were working with the U.S. mint, which is the issuing authority, to address the issue. Just last week the mint ... issued a statement asking for the publics help in keeping coins circulating and various people went in a put their coins back into circulation, he added. We also created a coin taskforce with all of the stakeholders: banks, the sevilla vs espanyol armored carriers, the banking community, credit unions. Everybody in the coin supply chain.

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Fed Chair Powell: Fed Plans To Work With U.S. Mint And Create Task Force To Address Coin Shortage Dc Vs Kkr [poXRq2OtFpy]

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