He was speaking at the 113th Annual Utah Bankers Association Convention, Sun Valley, Idaho.
He drew a parallel to the world’s knee-jerk infatuation with digital currencies.
“Before we get carried away with the novelty, I think we need to subject the promises of a CBDC to a careful critical analysis,” he said in his remarks.
You can read his full speech "Parachute Pants and Central Bank Money" HERE.
Other comments from PYMNTS.com HERE.
