– U.S. Federal Reserve Governor Christopher Waller said on Friday he is not convinced of the need for a central bank digital currency, particularly for retail customers who already have access to fast payment systems.
“Why do we really need it?” Waller said in a virtual event on central banking and digital currencies. “I haven’t been convinced of that yet. It’s not saying that I can’t be, but I haven’t seen that on a retail CBDC.” He did not make any comments about monetary policy or the outlook for the economy.
(Reporting by Ann Saphir)