US may not need CBDC – Boston Fed chief

Eric Rosengren
Eric Rosengren
Photo: © 2019 Federal Reserve Bank of Boston

The policy case for a digital dollar has not yet been made, Boston Federal Reserve president Eric Rosengren told an audience on May 12.

Speaking at Harvard Law School, Rosengren said that the Boston Fed was involved in two central bank digital currency (CBDC) research projects. But he said it was not clear whether the US needed a CBDC in the light of improvements to the Fed’s payment systems.

The FedNow payments system, set to debut in 2023, “will provide many of the use cases frequently

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: