Fed's Brainard says digital currency is not the solution to the lower bound

Author: Adam Button | Category: Cryptocurrency

Comments from Fed Governor Lael Brainard:

  • 'Cost-benefit' of negative rates unattractive in the US
  • Fed is monitoring new technologies closely
Switching to digital currencies just so you could force negative deposit rates on the public would be one of the least-popular policies in history. I can't imagine any government doing it.

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