Fed’s Rosengren: Central bank digital currency has attracted significant congressional interest
The Federal Reserve’s Rosengren: Central bank digital currencies have garnered significant interest from Congress. Digital currencies can be beneficial for people who don’t have bank accounts. A study scheduled to be released in early July will show that (we) have technology that can safely create a central bank digital currency . FedNow, a real-time payment system, will be able to fulfill many of the roles that people expect digital currencies to play. Special attention needs to be paid to money market reform and cryptocurrencies.