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.

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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

Image credit: Stephen Jaffe/IMF/Getty Images

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.