Fed Governor Bowman Says No Compelling Case for CBDC, Cites Risks
Federal Reserve Governor Michelle Bowman remains unconvinced about the necessity of a U.S. central bank digital currency (CBDC). Speaking at a roundtable on 17 de oct. de 2025, Bowman reiterated her skepticism, stating that she has "yet to see a compelling argument that a U.S. CBDC could solve" existing problems within the American financial system.
Bowman\'s Concerns Highlighted
Bowman\'s perspective aligns with a growing sentiment within the Federal Reserve board. 21 de feb. de 2025: Board Skepticism: Fed Governor Christopher Waller has also expressed doubts, stating he is yet to be convinced there is a market failure that a CBDC would resolve, mirroring Bowman\'s views. This widespread skepticism suggests a cautious approach toward implementing a CBDC in the United States.
Alternative Solutions & Stablecoin Concerns
17 de oct. de 2025: Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC\'s job better. She believes that existing and emerging payment solutions could potentially address the needs that a CBDC is intended to fulfill. Furthermore, Bowman has also expressed concerns about the potential dangers of stablecoins, adding another layer to the complexities surrounding digital currency regulation.
Financial Inclusion Doubts
18 de abr. de 2025: Bowman expressed doubt about the need for a CBDC to improve the payment system or its ability to enhance financial inclusion in the United States. She questions whether a CBDC would effectively reach underserved populations and improve their access to financial services. A CBDC would have to overcome significant hurdles to achieve widespread adoption and truly benefit all Americans.
In conclusion, Federal Reserve Governor Michelle Bowman\'s continued skepticism regarding a CBDC, as highlighted in her comments on 17 de oct. de 2025, underscores the ongoing debate and challenges surrounding its potential implementation in the U.S. Her concerns about the lack of a compelling use case, the availability of alternative solutions like FedNow, and the risks associated with stablecoins paint a picture of a cautious and considered approach from within the Federal Reserve.