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Brookings’ Klein on Stablecoin’s Downsides, CBDC Myths and More Fed Cowbell

Banking with Interest

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FedNow and Central Bank Digital Currency - Is That a Hype?

I have a sympathy to the Fed in the sense that they keep being asked to do more. And sometimes that then conflicts with other things they've been asked to do. I think about asking them to do a little less. We have real-time payments already. But banks are required to use it because the Fed doesn't require the money to be available to people faster.

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