If I am confirmed by the Senate, I will work to the best of my abilities to fulfill the significant responsibilities of this office. During the last quarter century, the Federal Reserve has achieved much success in reducing and stabilizing inflation and inflation expectations.
In China, for example, within a decade payments have shifted from cash to mobile payments, which are controlled by two large private technology firms. [7] The planned introduction of a public digital currency can be seen as a means of managing the risks of this digital transition, in order to maintain trust in payments.