US Fed Vice Chair Says Digital Dollar Would Take 5 Years to Launch - CoinDesk


5/26/2022 12:00:00 AM2 years 11 months ago
by Jesse Hamilton

The Federal Reserve’s Lael Brainard says it will take years to build a U.S. CBDC and that the project can only start once Congress and the White House sign off.

Federal Reserve Vice Chair Lael Brainard issued a reality check on those awaiting a digital dollar, saying that creating a central bank digital currency (CBDC) in the U.S. would likely take as long a… [+2321 chars]

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