Considerations for a digital dollar: Assessing the opportunities and challenges
Speaker: David Mills, Deputy Associate Director, Reserve Bank Operations and Payment Systems, Board of Governors of the Federal Reserve System
In late March, during the first Covid-19 stimulus debate, the US Congress discussed the creation of a digital dollar to assist in sending payments to US households. The proposal was restricted to electronic payments, but the suggestion brings back to the fore the debate surrounding central bank digital currencies and their role in the economy. David Mills discusses the Federal Reserve’s wider CBDC agenda.
10:00 -11:00 (New York)
This virtual discussion is part of the OMFIF Digital Monetary Institute. OMFIF, the global central banking think tank, proudly announces the launch of the OMFIF Digital Monetary Institute on 5 May. The OMFIF Digital Monetary Institute creates a high-level college which convenes key policy-makers, technologists, financiers and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here.
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This meeting will be conducted under the OMFIF Rules.