Fed Governor Touts FedNow as Alternative to CBDC

Fed Governor Touts FedNow as Alternative to CBDC

Market Analysis
August 18, 2022 by secret
252
[ad_1] Key Takeaways Governor Michelle Bowman said today that the Federal Reserve’s FedNow service could be ready by mid-2023. She suggested that the payments service addresses the need for a central bank digital currency (CDBC). She also said that the Federal Reserve is creating expectations for banks that want to provide crypto services. Share this