Fed Governor Bowman casts doubt on the need for a U.S. digital dollar

Federal Reserve Governor Michelle Bowman expressed skepticism over the possibility of a digital U.S. dollar in a speech Tuesday.
Bowman noted “the risk that a [central bank digital currency] would provide not only a window into, but potentially an impediment to, the freedom Americans enjoy in choosing how money and resources are used and invested.”
A study released in 2022 on a Fed digital currency detailed the various pros and cons but avoided taking a stance.