The Federal Reserve Board posted a job opening on Linkedin looking for a person to manage the “Digital Innovation Policy Program.” The department will have in its care “all aspects of a program focused on emerging issues at the intersection of technology and payments.”
The Fed mentions in the post that payments platforms are ever-changing in a digital environment but that the role is not just about doing in-depth research over how digital assets can help the economy.
What the U.S. Federal Reserve is looking for is someone to address issues regarding the “regulatory framework for emerging payments platforms.”
The job advertisement also mentions:
49 people have applied in 5 days.
Development of the Stablecoins and CBDCs in the US
We know that the Fed has tackled the option of CBDCs. During an online event at Princeton University, the Federal Reserve chairman, Jerome Powell, stated that the American central bank is in no hurry to be the first to work on a CBDC.
He also mentioned that it might “take years” before the U.S. Federal Reserve could release a CBDC.
Also, in December 2020, three U.S. lawmakers proposed a bill that would require stablecoin issuers to acquire a banking charter or license and also receive the seal of approval from the Fed before being able to start issuing stablecoins.