Sector Regulation Sector Regulation

US Fed’s Quarles assails European Central Bank chief Lagarde on CBDCs, questions their need

US Federal Reserve Governor Randal Quarles rejected the reasoning of Christine Lagarde, president of the European Central Bank, and other European officials who are pursuing the possibility of central bank digital currencies.

The comments from Quarles, who also heads the global Financial Stability Board, highlight tensions among central bankers and international authorities about

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