June 17, 2022

Welcoming Remarks

Chair Jerome H. Powell

At the "International Roles of the U.S. Dollar," a research conference sponsored by the Federal Reserve Board, Washington, DC

"And in light of the tremendous growth in crypto-assets and stablecoins, the Federal Reserve is examining whether a U.S. central bank digital currency (CBDC) would improve on an already safe and efficient domestic payments system. As the Fed's white paper on this topic notes, a U.S. CBDC could also potentially help maintain the dollar's international standing.2"