Горячие темы FameEX | Управляющий ФРС ставит под сомнение необходимость цифровой валюты Центрального банка США

Federal Reserve Governor Michelle Bowman has expressed reservations about the necessity of a U.S. central bank digital currency (CBDC). During a speech at Harvard Law School, she outlined her concerns, emphasizing the need for a more compelling case for a CBDC to justify its development.

The argument in favor of a U.S. CBDC primarily revolves around its potential to address issues within the payment system, foster financial inclusion, and provide the public with quick access to central bank-backed money. However, Bowman raised questions about whether a CBDC could offer superior solutions compared to existing alternatives, particularly innovations driven by the private sector, such as instant payment systems.

One example she cited to illustrate progress in existing infrastructure was the FedNow instant payment system. According to Bowman, it demonstrates the ongoing efforts to improve the current financial landscape without necessarily requiring a CBDC. Moreover, Bowman highlighted that CBDCs come with "significant risks and tradeoffs." One of the most notable concerns is the potential disruption they could introduce to the traditional banking system. If not properly designed and implemented, a digital currency could lead to "disintermediation," which could negatively impact both consumers and businesses.

In her own words, Bowman stated, "I have yet to see a compelling argument that a U.S. CBDC could solve any of these problems more effectively or efficiently than alternatives, or with fewer downside risks for consumers and for the economy." Bowman recommended conducting further research on CBDCs and emphasized the importance of the central bank's continuous monitoring of international developments in this field. However, she also stressed the high threshold that must be met before adopting a digital currency in the United States, given the substantial risks involved.

In summary, Governor Bowman's remarks underscore a cautious approach to the development of a U.S. CBDC. While recognizing the potential benefits of digital currencies, she maintains that a robust case has yet to be made for their implementation. Her concerns emphasize the need for a comprehensive evaluation of the advantages and disadvantages of a CBDC within the context of the existing U.S. financial system. Consequently, the path forward in the realm of central bank digital currencies remains a topic of ongoing debate and scrutiny.

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