Tensions in Finance: CBDCs and the Federal Reserve

This chapter discusses the fragmented landscape of the financial establishment, focusing on the conflicting goals of the Federal Reserve, Wall Street, and international organizations amid the rise of central bank digital currencies (CBDCs). It examines the challenges faced by CBDCs in various countries, the implications of interest rate increases, and the self-perception of bankers versus public sentiment, all within the broader context of monetary policy and economic priorities.