Fed's Lael Brainard hints at US playing a lead role in development of CBDCs
“A U.S. CBDC may be one ... way to ensure that people ... can ... rely on ... U.S. currency to ... conduct business," said Brainard.
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Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan
“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China in this regard," said Lael Brainard.