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Risks remain for 2021 economic recovery, Boston Fed’s CBDC project

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Risks remain for 2021 economic recovery, Boston Fed’s CBDC project

Friday 8 January 2021 – Vol.12 Ed.1.5

Commentary: Risks remain for 2021 recovery

By Mark Sobel in Washington

An upbeat consensus on the 2021 global economic outlook is emerging. The vaccine rollout will begin to reach critical mass over the summer, activity will rebound, supported by accommodative financial conditions and fiscal support, with lost output continuing to be recouped into 2022. But policy-makers should not be complacent. Transitioning out of the pandemic may be slower and more painful than many foresee.

Read the full commentary on the website.

Meeting: Boston Fed’s CBDC project

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Wednesday 13 January, 16:00-17:00 GMT

In August 2020, the Federal Reserve Bank of Boston, in collaboration with MIT, announced that it would research and test leading technologies to determine design requirements for a US-based CBDC. Jim Cunha, senior vice-president, secure payments and fintech, at the Federal Reserve Bank of Boston, discusses this initiative as well as the wider impact of DLT on the financial system. The meeting also covers national efforts to increase security and reduce payment fraud.

Request to attend the meeting.

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