That position, which has become a chief talking point for Fed officials, had also been echoed the day before by Michael Barr, the board’s new vice chairman for supervision. Barr also said he didn’t feel a Fed decision on a digital dollar is urgent, and he said that if one is eventually issued, he leans toward a model that would see financial firms handling people’s digital-dollar accounts.
Source: https://www.coindesk.com/policy/2022/09/08/republicans-want-answers-from-fed-on-what-itll-take-to-justify-digital-dollar/?utm_medium=referral&utm_source=rss&utm_campaign=headlines