At new record highs on Hopes Congress is about to agree a 900 billion Financial Rescue package. The talks between republicans and democrats come amid increasing signs of economic distress in the us as the pandemic toll worsens. Lawmakers are due to leave washington tonight for the holidays. But Senate Majority leader Mitch Mcconnell vowed they would stay until a deal is done. 0peration a deal is done. Warp speed has given a 0peration warp speed has given a safe and effective vaccine and record time but the American People need another bridge to those better days that are not so far off. The country Needs Congress to come through with another targeted rescue package. Theyve waited months. Theyve waited and suffered and some have died while needless political games have played out. The American People wait for more Emergency Assistance ought to be over. And a bipartisan agreement appears to be close at hand. Joining me now is thomas gift, lecturer in Political Science at University Colle
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Private Money And Central Bank Money As Payments Go Digital: An Update On CBDCs, Federal Reserve Governor Lael Brainard At The Consensus By Coindesk 2021 Conference, Washington, D.C. (Via Webcast) Date
24/05/2021
Technology is driving dramatic change in the U.S. payments system, which is a vital infrastructure that touches everyone.1 The pandemic accelerated the migration to contactless transactions and highlighted the importance of access to safe, timely, and low-cost payments for all. With technology platforms introducing digital private money into the U.S. payments system, and foreign authorities exploring the potential for central bank digital currencies (CBDCs) in cross-border payments, the Federal Reserve is stepping up its research and public engagement on CBDCs. As Chair Powell discussed last week, an important early step on public engagement is a plan to publish a discussion paper this summer to lay out the Federal Reserve Board s current thinking on digital payment
Source: US State of New York Federal Reserve
Technology is driving dramatic change in the U.S. payments system, which is a vital infrastructure that touches everyone.1 The pandemic accelerated the migration to contactless transactions and highlighted the importance of access to safe, timely, and low-cost payments for all. With technology platforms introducing digital private money into the U.S. payments system, and foreign authorities exploring the potential for central bank digital currencies (CBDCs) in cross-border payments, the Federal Reserve is stepping up its research and public engagement on CBDCs. As Chair Powell discussed last week, an important early step on public engagement is a plan to publish a discussion paper this summer to lay out the Federal Reserve Board’s current thinking on digital payments, with a particular focus on the benefits and risks associated with CBDC in the U.S. context.2