Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar
Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head Around Not Issuing CBDC With other nations, most notably China, moving forward with their own digital currency projects, Lael Brainard, member of the U.S. Federal Reserve Board of Governors, has highlighted the urgency around the....
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The Federal Reserve Governor Lael Brainard said the private central bank is looking at blockchain technology. The Fed Focuses In On Blockchain. The Federal Reserve has its eye on various blockchain technologies. Governor Lael Brainard spoke to guests at the Institute of International Finance in Washington, D.C. concerning the protocol under the hood of....
“A U.S. CBDC may be one ... way to ensure that people ... can ... rely on ... U.S. currency to ... conduct business," said Brainard. Lael Brainard, a member of the Federal Reserve’s Board of Governors, encouraged the United States to be a leader in research and policy regarding central bank digital currencies, or CBDCs, due to potential international developments.In remarks prepared for the U.S Monetary Policy Forum in New York on Friday, Brainard said the People's Bank of China’s pilot program for its digital yuan could have implications on the dollar’s dominance in cross-border payments....
Federal Reserve Governor, Lael Brainard, praised the potential of blockchain technology while tip-toeing around Bitcoin in a recent speech. But did Brainard really ignore the elephant in the room or was her message, in fact, a cryptic rallying cry for the banking industry to unite against this decentralized, peer-to-peer, and open-access monetary system?....
In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years. After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member of the Federal Reserve's board of governors, as the next vice chair of the central bank.In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Brainard a vice chair of the Federal Reserve for four years, potentially beyond her term as a governor ending in January 2026. Brainard was....
Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing sound regulation for the crypto financial system “now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial system.” Fed Vice Chair Brainard on Crypto Regulation Lael Brainard, the vice chair of the Board of the Federal Reserve Governors, talked about crypto regulation and decentralized finance (defi) Friday at a Bank of England conference in London. She began by referencing recent volatility in the crypto market,....