Fed Chair Jerome Powell (Brendan Smialowski-Pool/Getty Images)
The Federal Reserve released its long-awaited white paper on central bank digital currencies Thursday. It did not commit to creating (or not creating) a digital dollar, but did explain its questions in approaching the issue and ask for public feedback on questions of privacy, financial stability and just how a digital dollar might be used.
"And by the way, it’s more going to be an exercise in asking questions and seeking input from the public rather than taking a lot of positions on various issues, although we do take some positions," he said at the time. “The Federal Reserve’s initial analysis suggests that a potential U.S. CBDC, if one were created, would best serve the needs of the United States by being privacy-protected, intermediated, widely transferable, and identity-verified.”
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