BREAKDOWN: 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.

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

Today on the Brief:

China-U.S. talksU.S. spending coming backA 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 cashComments from Agustin Carstens about how much oversight CBDCs provideWhy privacy advocates are nervous about the coming CBDC era 

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