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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe US Federal Reserve wants to follow the momentum announced by China. While Xi Jinping has been testing his e-yuan since March, the US Federal Reserve has decided to accelerate its thinking on this subject.
Reluctant so far, the Fed finally decides to accelerate its reflection on the digital currency file. The president of the American central bank, Jerome Powell, thus affirmed Thursday that the Fed will launch this summer a vast consultation on the digital dollar. In a statement, he announced that to help spur broader thinking, the Fed will release consultation papers this summer summarizing the current state of the central bank's thinking on digital payment methods, as well as the benefits and trade-offs of a central bank digital currency.
Remember that in the summer of 2020, the Boston Fed set up a working group with researchers from MIT (Massachusetts Institute of Technology) to study the creation of the e-dollar.
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