<ul><li>Federal Reserve Governor Christopher J. Waller believes that the private sector should lead the evolution of payments.</li><li>Waller states that market competition is better suited to sort out good ideas from bad ideas in the payments ecosystem.</li><li>Government involvement may be needed in cases of incomplete markets or market inefficiencies.</li><li>Waller does not see a need for a central bank digital currency (CBDC) and has not heard a satisfactory answer for its necessity.</li></ul>

Fed Governor Waller: No Need for CBDC

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