April 19, 2024

Market news | Fed Williams: The role of central banks in providing liquidity and stability will remain, but digital currencies can change that

• The digital revolution in payments and money could have implications for the central bank. Fed is importantunderstand how digital technologies affect the economy, financial system, and policy implementation.

• Stablecoins and CBDCs present both risks and opportunities, Williams added.

• Houser at the Bank of England: Digital currencies could change the transmission mechanism of monetary policy.