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U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

Michael Barr, who leads the central bank’s regulatory efforts, said the Fed remains in the basic research phase and would need actual legislation from Congress to authorize the move.

Michael Barr, the U.S. Federal Reserve's vice chairman for supervision, says the central bank is far from a decision on a digital dollar. (Nikhilesh De/CoinDesk)
Michael Barr, the U.S. Federal Reserve's vice chairman for supervision, says the central bank is far from a decision on a digital dollar. (Nikhilesh De/CoinDesk)