Actually The Fed really is not on board with a CBDC. It doesnt have to be. Powell is placating those on Congress drooling for one.

A CBDC would be very difficult for the US. The currency is used by too many people around the world.

Expect the rhetoric around that to collapse after the Chinese Yuan fails as one outside China. Who wants to conduct business and have the Chinese government see everything? Certainly not the Japanese or South Koreans.

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