The Federal Reserve is continuing its research on the use of a central bank-issued digital currency (CBDC), but key officials are saying not to expect any Fed-issued digital dollars any time soon.
“That fundamental question of, ‘what are we trying to do with this’ is not clearly answered,” Fed Governor Randal Quarles said in a webinar on Tuesday.
The Fed is working with researchers at the Massachusetts Institute of Technology to build and test a digital dollar in different hypothetical…
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