22-EA-02: Federal Reserve - Central Bank Digital Currency

On January 20, 2022, the Board of Governors of the Federal Reserve System (Federal Reserve) issued a discussion paper and request for comment regarding potential adoption of a central bank digital currency (CBDC). The paper, “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” describes some of the costs and benefits of a hypothetical CBDC, but does not favor any policy outcome.

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