Federal Reserve Governor Michelle Bowman believed that implementing U.S. central bank digital currency (CBDC) could pose significant risks and tradeoffs for the country’s economic system.
The Fed’s Governor announced this at the Harvard Law School event in Washington on October 17.
Bowman highlighted that there had been no compelling arguments that CBDC could solve financial frictions within the payment system than available alternatives. ... Read More: Feds’ Bowman Dampens Hope of a US-backed CBDC in the Future