An emerging consensus on the U.S. dollar: Figure out how to fix it now in case it breaks later
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Quick Take
- An official from the Boston Fed and the former head of the Commodity Futures Trading Commission offered similar arguments this week as to why the U.S. should be prepared to issue a central bank digital currency if necessary
- For instance, if a foreign digital currency were to challenge the dollar’s position as the world’s reserve currency, U.S. policymakers might have to respond with a digital version of the dollar
An official from the Boston Fed and the former head of the Commodity Futures Trading Commission offered similar arguments this week as to why the U.S. should be prepared to issue a central bank digital currency if necessary.
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