Federal Reserve Considers Benefits of Issuing Its Own Digital Currency

The Federal Reserve is looking at a broad range of issues around regulations and protections for digital payments and currencies, including the costs and potential benefits of issuing its own digital currency, Governor Lael Brainard said. “By transforming payments, digitalization has the potential to deliver greater value and convenience at lower cost,” Brainard said in remarks prepared for delivery at the Stanford Graduate School of Business.