Fed’s Brainard: CBDC could ensure strength and safety of USD in digital financial system

Lael Brainard

Brainard on central bank digital currency:

  • Essential that policymakers plan for future of payment system and consider the full range of options
  • Important to consider how crypto and digital money affect Fed’s responsibilities, including financial stabilty
  • Digital dollar could be attractive as a store of value and means of payment if seen as safe

There’s nothing groundbreaking here.

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