TheBlock
2020-07-22 21:29:35

An emerging consensus on the U.S. dollar: Figure out how to fix it now in case it breaks later

Quick TakeAn 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 necessaryFor 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

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