
FILE Photograph: Dallas Federal Reserve Financial institution President Robert Kaplan speaks through an interview in his workplace at the bank’s headquarters in Dallas, Texas, U.S. January 9, 2020. REUTERS/ Ann Saphir
August 20, 2021
(Reuters) – Dallas Federal Reserve President Robert Kaplan claimed on Friday he could see the U.S. central bank ultimately issuing its have electronic currency, contacting it the “last mile” in a digitalization of the payment method that is by now in educate.
“I would visualize in the decades in advance — it is anything the Fed is actively operating on now — and I can see good reasons why that will finally get produced China is by now doing their personal experiment with it,” he reported in a virtual visual appearance at Texas Tech. Nevertheless, he included, the Fed is a “long way” from earning a determination and is at this time learning the difficulties, together with the likely affect on financial institutions.
(Reporting by Ann Saphir enhancing by Jonathan Oatis)