MarketsCryptoBrainard Lays Out Cost Benefits of Central Bank Digital CurrencyCBDC could foster retail payments innovation and inclusionCautions new private money could pose financial-stability riskFed to Issue Report on U.S. Digital CurrencyByCraig Torres+FollowMay 24, 2021, 1:00 PM UTCUpdated onMay 24, 2021, 1:23 PM UTCFromSign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The Federal Reserve is stepping up its research on digital currencies, Governor Lael Brainard said, amid growing demand for digital payments.
