House Republicans seek more analysis on a possible US CBDC in letter to the Fed
Republican members of the US House Committee on Financial Services have sent a letter to Federal Reserve Chair Jerome Powell outlining the tasks they see as most salient in the path toward a central bank digital currency (CBDC). The Fed released a discussion paper on a possible digital dollar in January of this year. In that paper, the Fed identified the pros and cons of a CBDC and invited public comments to open the discussion on how a CBDC could …