US Fed seeks manager for digital innovations policy program with focus on areas like stablecoins, CBDCs

The Federal Reserve is devoting resources to exploring risks and benefits associated with central bank digital currencies (CBDCs), indicated by a new job posting. The central bank is looking for a manager for its digital innovations policy program. 

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The program specifically looks at the intersection of digital technologies and payments. The job posting explicitly charges the manager with examining risks and benefits related to CBDCs, stablecoins and "the supervisory and regulatory framework for emerging payments platforms, activities and institutions." The post indicates that four applicants have applied via LinkedIn. 

Federal Reserve chairman Jerome Powell said the central bank's work on stablecoin risks is a "very high priority" earlier this month. According to Powell, the strategy surrounding a possible CBDC and other stablecoin regulation remains in flux. 

About Author

Aislinn Keely is a reporter on The Block's policy team holding down the legal beat. She covers court decisions, bankruptcies, regulatory actions and other key moments in the legal sphere, putting them in context for the wider crypto industry. Before The Block, she lent her voice to the NPR affiliate WFUV and helmed Fordham University's student newspaper. Send tips or thoughts on all things policy and legal to [email protected] or follow her on Twitter for updates @AislinnKeely.

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