"I really don't see the value proposition," he told the Global Interdependence Center, adding a central bank digital currency would put the Fed into direct competition with private firms. If Congress directs the Fed to create such a thing, he said, the Fed would do so, and is currently undertaking research into the technicalities. (Reporting by Ann Saphir Editing by Chris Reese)
Feb 10 (Reuters) - Federal Reserve Governor Christopher
Waller on Friday repeated that he is not a big fan of creating a
U.S. central bank digital currency, because there is no obvious
failure in the payment and banking system that it addresses.
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