Federal Reserve member: I still do not see progress on the digital dollar project.

Federal Reserve Board member Christopher Waller did not comment on monetary policy or economic conditions in the United States in his prepared remarks on Tuesday, but he addressed several issues related to the economy and progress on the digital dollar.

The key points mentioned by Federal Reserve member Christopher Waller are:

• He still does not see any progress from the Federal Reserve on the digital dollar project.
• There are times when the government can intervene to address inefficiencies in the financial market.
• The private sector is best suited for innovation in payment systems.
• The Federal Reserve is ready to support innovation in the private sector, while ensuring financial stability.
• The government should have a clear goal regarding the provision of financial services.