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

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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