Published 2 years ago

NY Fed president urges colleagues to prepare for coming digital payment transformation

Summary by Ground News

John Williams, president and CEO of the Federal Reserve Bank of New York, delivered the opening remarks at an invitation-only workshop on monetary policy implementation. The central banker dismissed much of the digital asset space with a single-sentence observation. Central bank digital currencies (CBDC) and stablecoins backed by safe, liquid assets have the potential for innovation, he continued.

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