Fed Hints At Digital Dollar Approach As Debate Stage Set
By Jon Hill (January 20, 2022, 10:16 PM EST) -- The Federal Reserve hinted Thursday at the direction it might take in designing a U.S. central bank digital currency, pinpointing features like privacy protection and private-sector intermediation as desirable while stressing that no decisions have yet been made about whether to even pursue such a project.
The Fed outlined its preliminary views as part of a long-awaited discussion paper that examines the potential benefits and risks of issuing a CBDC, essentially an electronic version of central bank money that would be made available for consumers and businesses to use much like cash.
Although the paper does not commit the Fed...
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