Fed report shows how digital cash can affect the balance sheet

2022-1-21 06:12
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On Jan. 21, the Fed announced the bank's digital money supply report that future digital payments could have a major impact on the size of its balance sheet. The Fed's report released on Thursday indicates that the spread of digital currency could disrupt and reduce bank interest rates. “Over the long term, the Fed will need to balance its balance sheet to accommodate the growth of digital financial institutions (CBDCs), similar to the balance of payments announcing more money,” the report says. Despite many changes, some analysts say Fed gains could continue to strengthen the Fed's balance sheet, although the true extent is unclear.(golden ten)

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2022-1-21 06:08