Digital cash could make inflation worse if central banks aren't cautious

Central banks in China and Sweden have fairly advanced plans to introduce currencies in electronic form for retail use.

Inflation is coming. Or wait, it’s already here. Bond investors are looking at the 4.2% annual rate that U.S. consumer prices jumped to in April and wondering if it’s all because of depressed levels from last year. Could it be that the Federal Reserve is wrong about higher prices being transitory?
 

In that case, the Fed and other central banks may have to rethink, among other things, their space-race-type competition to offer digital cash.
 

It’s a project best undertaken after price pressures have eased, and the vast pools of excess liquidity to fill the gaping economic hole left by the