U.S. Treasury Secretary Critiques Fed’s Digital Currency Proposal

U.S. Treasury Secretary Janet Yellen has voiced her opposition to the Federal Reserve launching a digital currency, according to BlockBeats. She emphasized the challenge of predicting market reactions to potentially disruptive policies on U.S. debt. Instead, her focus remains on managing national debt levels while fostering economic growth. Yellen acknowledged the significance of the debt-to-GDP ratio as a key indicator in this process.