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US Fed Vice Chair Says Digital Dollar Would Take 5 Years to Launch

The Federal Reserve’s Lael Brainard says it will take years to build a U.S. CBDC and that the project can only start once Congress and the White House sign off.

By Jesse Hamilton

Updated May 11, 2023, 3:56 p.m. Published May 26, 2022, 6:43 p.m.

Vice Chair of the Federal Reserve Lael Brainard predicts a digital dollar could take the central bank many years to build. (Drew Angerer/Getty Images)