July 30 (Reuters) - Federal Reserve Governor Lael Brainard
on Friday laid out a range of reasons for "urgency" around the
issue of developing a U.S. central bank digital currency,
including the fact that other countries such as China are moving
ahead with their own.
"The dollar is very dominant in international payments, and
if you have the other major jurisdictions in the world with a
digital currency, a CBDC offering, and the U.S. doesn't have
one, I just, I can't wrap my head around that," Brainard told
the Aspen Institute Economic Strategy Group. "That just doesn't
sound like a sustainable future to me."
(Reporting by Ann Saphir;
Editing by Sandra Maler)