Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, says that the need for a digital dollar doesn't currently exist and that the U.S. might adopt a CBDC several years from now, if a lot of other countries do so first.
Federal Reserve officials restated their pledge to hold the benchmark interest rate near zero and will keep buying bonds, judging that the coronavirus…
As U.S. braces for virus fallout to get worse, the Commercial Paper Funding Facility and Primary Dealer Credit Facility are designed to support corporate liquidity.