Fed governor lays out the case for a US-backed digital dollar
CNN
The Fed is getting serious about the digital US dollar.
Lael Brainard, a member of the Federal Reserve Board of Governors, laid out a case for a secure, central bank-backed digital currency that could create a more efficient payment system and expand financial services to Americans who have been underserved by traditional banks. "Today, the speed by which consumers and businesses can access the funds following a payment can vary significantly," Brainard said in a web address to the CoinDesk conference Monday. "Advances in technology, including the use of distributed ledgers and smart contracts, may have the potential to fundamentally change the way in which payment activities are conducted."
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The US House of Representatives voted 218-214 to pass a massive domestic policy bill supported by President Donald Trump.
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Cardinal Robert McElroy, the Archbishop of Washington, has strongly criticized the Trump administration’s immigration crackdown, describing the rounding up and deportation of immigrants as “inhumane” and “morally repugnant.”