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. talks
• U.S. spending coming back
• A 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 cash
• Comments from Agustin Carstens about how much oversight CBDCs provide
• Why privacy advocates are nervous about the coming CBDC era 

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Image credit: Stephen Jaffe/IMF/Getty Images

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