Federal Reserve

Would Libra’s Payments Be Safe? Fed Member Comments On Digital Currency’s Future

In a speech, Wednesday by Lael Brainard, a member of the Board of Governors of the Federal Reserve System, at Stanford University’s Graduate School of Business, the future of digital payments in the U.S. were broadly sketched. But her comments provided more risks and concerns than a path forward.    That afternoon, Ms. Brainard addressed the audience […]

Fed Nominee: Need for a Digital Dollar is an “Extremely Important Discussion”

Treasury Secretary Steven Mnuchin wasn’t the only one to make waves at the U.S. Senate this week when it came to the future of currency. Tom Cotton, a Republican senator from Arkansas, spoke at length regarding digital currency while addressing the cameras and a nominee for the Federal Reserve Board of Governors, Judy Shelton: “We […]

Six central banks planning to issue digital currencies

The heads of six central banks and the Bank for International Settlements in mid-April will hold their first meeting on developing their own digital currencies, which can serve as alternatives to Facebook’s Libra or the digital yuan. Central banks in Japan, Europe, and Canada are taking a joint look into issuing digital currencies in their […]

Volcker Might Have Said Yes to a Digital Dollar – If He Knew What It Was

What would the late former Federal Reserve Chair Paul Volcker have thought about digital currencies issued by central banks? The short answer is nobody knows; Volcker never really got steeped in the fast-developing world of crypto. “Bitcoin? What’s that?” Volcker replied when asked about the largest cryptocurrency by a Quartz reporter in April 2013. “I’m […]

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