Powell: Fed Report On Digital Dollar (CBDC) In A Couple Weeks
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Chair Powell is in front of the Senate for his confirmation hearing. He was asked about the prospects of a CBDC. The report it due in a few weeks.
In this video I discuss how Powell is a banker and realizes the shortcomings of CBDCs, especially as it relates to the banking industry. However, he is also adept at playing the political game so be might need to "toe the line" until confirmed.
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