U.S. Federal Reserve Governor Michelle Bowman said that the central bank is still evaluating the need for a central bank digital currency (CBDC) in the U.S. as there are a variety of risks to consider, while the efficiencies it offers could potentially be realized through other technologies. “Innovation in money and payments can take many forms,” Bowman said Tuesday at a roundtable on CBDCs at the Harvard Law School Program on International Financial Systems. "The potential benefits of a U.S. CBDC remain unclear, and the introduction of a U.S. CBDC could pose significant risks and tradeoffs for the financial ... (full story)