Fed Gov. Chris Waller Dubious of Digital Dollar – TheStreet

Federal Reserve Gov. Chris Waller again expressed doubt about deploying a digital dollar Thursday, saying it would put the Fed in competition with the banking system.

“With a central bank digital currency, you’re asking a very direct question,” he said at a central bank policy conference, according to MarketWatch.

“Should the central bank be more involved in processing payments for households and firms in a way that allows them to circumvent the banking system? That is what a CBDC [central bank digital currency] account is doing.” Waller said.


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