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President Of Dallas Federal Reserve Urges US Central Bank To Begin Work On Digital Dollar
Summary: President of the Dallas Federal Reserve Robert Kaplan urged the US Central Bank to begin working on a digital dollar during a virtual conference hosted by Bloomberg. “It is critical that the Fed focuses on developing a digital currency in the coming months and years,” Kaplan said. Kaplan's remarks come one month after Federal Reserve ...
President of the Dallas Federal Reserve Robert Kaplan urged the US Central Bank to begin working on a digital dollar during a virtual conference hosted by Bloomberg.
“It is critical that the Fed focuses on developing a digital currency in the coming months and years,” Kaplan said.
Kaplan's remarks come one month after Federal Reserve Chairman Jerome Powell said that 80% of central banks around the world are exploring the potential utility of a CBDC. A literature review of central bank digital currencies report released by the Fed on Monday recommended additional research into the intrinsic value drivers of a CBDC.
By Emily Mason
Tags: Central Bank Digital Currency,Digital Dollar,Federal Reserve,Jerome Powell,Robert Kaplan
Link: President Of Dallas Federal Reserve Urges US Central Bank To Begin Work On Digital Dollar [Copy]
