Harker, although extremely late to the party, made an important caveat on the U.S plans to create a CBDC. According to Reuters, speaking at a community banking conference on Wednesday, the Fed president addressed the unavoidable adoption of CBDCs.
“It is inevitable I think it is better for us to start getting our hands around it,” he remarked, before adding, “frankly I don’t think we should be the first mover as a nation to do this.”
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