Fed’s Vice Chairman, Not On The Digital Dollar Bandwagon
In midst of the Fed’s long-awaited paper on digital currencies and the talk of a possible Fed-issued digital dollar, Fed vice chairman Randal Quarles asserted at the Utah Bankers Association convention that such proposal must be subjected to careful scrutiny. Q1 2021 hedge fund letters, conferences and more Not on the digital dollar bandwagonThere is growing discussion in the U.S. over creating a digital dollar, and Quarles made his sentiments clear on the idea. Outweighing the benefits, “a Federal Reserve CBDC could pose significant and concrete risks,” he said. Those in favor of a digital do...