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Fed's Harker: Digital central bank currency "inevitable"

ST. LOUIS, Oct 2 (Reuters) - It is "inevitable" that central banks including the U.S. Federal Reserve will start issuing digital currency, Philadelphia Federal Reserve bank president Patrick Harker said on Wednesday, while cautioning that the U.S. should not be the nation to lead such a move.

"Frankly I don't think we should be the first mover as a nation to do this," Harker said at a community banking conference here. But he added: "It is inevitable ... I think it is better for us to start getting our hands around it."

(Reporting by Howard Schneider; Editing by Kevin Liffey)