Federal Reserve Governor Brainard: How central bank digital currency will affect monetary policy is an open question

According to Golden 10 news, Fed Governor Brainard: How central bank digital currency will affect monetary policy is an open question, and it is crucial that the U.S. is involved in the development of digital currency standards.
He also said that digital currencies can encourage retail payment innovation, Digital currencies need to protect home privacy, while also preventing and tracking illegal activity. Any central bank digital currency needs to guard against the “disintermediation” of banks and maintain a smooth transmission of monetary policy.

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