Powell Says "No CBDC!"
The Breakdown
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Current Focus on Monetary Policy and Financial Stability Over CBDC Implementation in the US
The chapter explores Federal Reserve Chairman Jerome Powell's emphasis on the Fed's focus on monetary policy and financial stability rather than pursuing a central bank digital currency in the U.S. It also discusses developments in CBDCs in China, Hong Kong's Project Ensemble, Bitcoin custody best practices, a wholesale CBDC pilot project called Project Agilah, and Nigeria's efforts to enhance its E-Nira CBDC.
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Transcript
