How CBDCs Give ‘Absolute Control’ to Central Banks
Jerome Powell discussed CBDCs at a speech this week, saying they need to co-exist with cash.
Host
Jerome Powell discussed CBDCs at a speech this week, saying they need to co-exist with cash.
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
Image credit: Stephen Jaffe/IMF/Getty Images
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