Agustín Carstens, general manager of the Bank for International Settlements has discussed the idea of a “unified ledger” run by the central bank to fully realize the potential of new technologies developed by the private sector. See Agustín Carstens, “Innovation and the Future of the Monetary System,” speech at the Monetary Authority of Singapore, Singapore, February 22, 2023, https://www.bis.org/speeches/sp230222.htm.
Monetary policy is in a good place and should continue to support sustained growth, a strong labor market, and inflation returning to our symmetric 2 percent objective. As long as incoming information about the economy remains broadly consistent with this outlook, the current stance of monetary policy likely will remain appropriate. That said, monetary policy is not on a preset course.