Federal Reserve Board Views Digitizing The U.S. Dollar As High Priority

LexisNexis (February 10, 2023, 11:53 AM EST) -- The Federal Reserve is on track to launch its new instant payments service between July and August 2023. The service is called FedNow. The creation of a Central Bank Currency (CDC) would be the logical next step for the Federal Reserve to undertake. Other countries have adopted or are in the process of adopting a CDC. Originally published in an earlier edition of this newsletter, this story on what a digitized U.S. dollar would like look continues to be timely....