Fed digital dollars are part of debate over coronavirus stimulus

Michael Derby  |  March 25, 2020

By Michael Derby, includes “…there is a push from some legislators to give the Federal Reserve a new tool some believe could radically reshape how it conducts monetary policy. … Instead of the Fed taking action to influence market rates, which can be a fraught process, it could offer interest-bearing accounts directly to the public. Then, by changing rates at that level, or even straight up adding Fed-created money to the accounts, it could influence economic decision-making at the household level. …”

Read the full article on: The Wall Street Journal

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