We recently issued a discussion paper as a first step in fostering a broad and transparent public dialogue about CBDCs.3 The paper is not intended to advance any specific policy outcome and no decisions have been made at this time. We are genuinely committed to hearing a wide range of voices on this issue.
The paper was published earlier this year with a 120-day comment period. We encourage your comments and feedback—generally, and in response to specific questions posed in the paper. As we engage in this dialogue and evaluation process, and throughout this initiative, I intend to keep an open mind about the usefulness of and potential business case for a CBDC.