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Fed paper looks at potential effects of CBDC on monetary policy -Breaking

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Fed Paper examines potential impacts of CBDC upon monetary policy

On Tuesday, The United States Federal Reserve released an analysis on possible impacts of the retail central bank digital currency CBDC on U.S. Monetary Policy Implementation. The study, dated April, was a staff working paper titled “Retail CBDC and U.S. Monetary Policy Implementation: A Stylized Balance Sheet Analysis.”

This paper examined four possible scenarios to show the effects of an a CBDC retailThe Fed, U.S. household and commercial banks are the three main stakeholders in monetary policy.