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reuters.com ·
2021/08/20 07:53 GMT-04:00
Fed's Kaplan: can see reasons for U.S. central bank digital currency
Aug 20 (Reuters) - Dallas Federal Reserve President Robert Kaplan said on Friday he could see the U.S. central bank eventually issuing its own digital currency, calling it the "last mile" in a digitalization of the payment system that is already in train.
"I would imagine in the years ahead -- it's something the Fed is actively working on now -- and I can see reasons why that will eventually get developed; China is already doing their own experiment with it," he said in a virtual appearance at Texas Tech. Still, he added, the Fed is a "long way" from making a decision and is currently studying the issues, including the potential impact on banks.
(Reporting by Ann Saphir; editing by Jonathan Oatis)
((ann.saphir@thomsonreuters.com; +1 312 593 8342))
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