Federal Reserve Governor Lael Brainard said Thursday a U.S. central bank digital currency won’t happen overnight. A significant policy process which the Fed has not committed to would be required to consider the issuance of a CBDC, along with extensive deliberations and engagement with other parts of the federal government and a broad set of other stakeholders.
The U.S. Federal Reserve is actively researching a digital dollar, according to Fed Governor Lael Brainard (Photo: Council on Foreign Relations)