Jerome Powell discussed CBDCs at a speech this week, saying they need to co-exist with cash.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

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Today on the Brief:

  • China-U.S. talks
  • U.S. spending coming back
  • A virtual casino hiring IRL people

Our main discussion looks at central bank digital currencies and why they’re so appealing for bankers, especially compared to cash. NLW discusses:

  • Recent comments from Fed Chair Jerome Powell on why any CBDC would be complement cash
  • Comments from Agustin Carstens about how much oversight CBDCs provide
  • Why privacy advocates are nervous about the coming CBDC era

See also: Federal Reserve’s Powell Says CBDCs ‘Need to Coexist With Cash’

Image credit: Stephen Jaffe/IMF/Getty Images