Bowman Doubts Benefit of Central Bank Digital Currency

“It’s difficult to imagine a world where the tradeoffs between benefits and unintended consequences could justify a direct access CBDC for uses beyond interbank and wholesale transactions,” Federal Reserve Governor Michelle Bowman says in a speech for an event hosted by Georgetown University. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.