Federal Reserve Declares CBDC a “Key Duty” to Congress

The Fed (US Federal Reserve, the central bank) does not appear to be one of those institutions whose word you could, so to speak – take to the bank.

Just as it is reassuring the public that it is not focusing on introducing a central bank digital currency (CBDC) in the country, the Fed has only recently been telling Congress that steps leading to a digital dollar are among its “7 key duties.”

This is according to Congressman Tom Emmer, who posted a document on X on March 14, explaining that his office received it as the Fed representatives were in Congress for a presentation