Fed's Waller says he sees no need for U.S. central bank digital currency

FILE PHOTO: The Federal Reserve building is seen on January 26, 2022. REUTERS/Joshua Roberts/File Photo

(Reuters) – 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.

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