Researching the potential benefits and risks of digital central bank currencies, the Fed plans to release a report this week, according to the Wall Street Journal.
Fed officials can start the public work on the digital dollar project by publishing a report this week.
Fed Chairman Jerome Powell made a statement last month about the evaluation report for digital currencies, which is expected to be published in the beginning of this summer, and said that the report “soon” He said he would share.
According to Powell’s statements on September 22, the Fed is considering a possible digital dollar. “whether the benefits outweigh the risks” will try to learn.
The report, which is expected to be released this week, does not foresee a final decision on the digital dollar. Powell spoke on the subject of the digital dollar in his speech on Tuesday last week. With authorization from Congress He said it would be “ideal” to progress.
Regardless of the forthcoming report, the Boston Fed continues to collaborate with the Massachusetts Institute of Technology on CBDC.