Philadelphia Fed President: The central bank’s counting of coins is inevitable, but the US should not take the lead

According to recent media reports, the Federal Reserve Bank of Philadelphia, Patrick Harker, believes that the central bank's digital currency is inevitable. Harker said central banks, including the Federal Reserve, will inevitably release digital currencies. Still, given the role of the dollar as the world's reserve currency and the need to test new technologies, the United States should not take the lead.