The Federal Reserve did not take a position on a central bank digital currency, or CBDC, in its delayed 40-page report, but the report did show that a digital dollar is not in the near future, CNBC reports. America’s central bank is taking the possibility of a digital currency one step at a time, starting with this study, which detailed pros and cons. The report notes that a U.S. CBDC would allow quick distribution of funds, like in the case of sending pandemic stimulus checks, and proponents argue that delaying action will leave the country behind global competitors. Nonetheless, the Fed stands firm in the stance that further discussion is required. “The introduction of a CBDC would represent a highly significant innovation in American money,” the report says. “Accordingly, broad consultation with the general public and key stakeholders is essential.” A 120-day public comment period is in progress, and the Fed has asked for input on 22 separate items.