Why the coming recession could force the Federal Reserve to swap greenbacks for digital dollars

Chris Matthews
Why the coming recession could force the Federal Reserve to swap greenbacks for digital dollars

The Federal Reserve has never been more famous than it is today. Meanwhile, President Trump has made its chairman, Jerome Powell, a household name by frequently criticizing the central bank’s policies on Twitter and to the press. A movement, meanwhile, has been brewing among economists, financial-services professionals and central bankers to encourage a rethinking of the technology of currency — those paper notes we carry in our wallets — with an eye toward issuing a digital currency.