“Britcoin”: U.K. considers digital currency
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As the U.K. looks into a central bank-backed digital currency, how is the Federal Reserve approaching the idea in the U.S.? Plus, the House passes a bill on the relationship between cannabis businesses and banks. And, a plastics ban in Mexico City raises questions about women’s access to female sanitary products.
Segments From this episode
The U.K. is looking into digital currency. What about the U.S.?
We speak with Karen Petrou, co-founder of Federal Financial Analytics. She said that Federal Reserve Chair Jerome Powell "has very cautiously said that the Fed is open to it, but it will not rush into it." Petrou explains that Powell is taking this approach because of how critical the U.S. dollar is to both the country and the world, and therefore "a central bank digital currency based on the dollar has got to be really, really sound."
Most banks shy away from letting cannabis businesses open accounts, fearful they could run afoul of federal laws.
Women's rights advocates say the plastics ban leaves low-income women with few options.
David Brancaccio Host
Nicole Childers Executive Producer
Victoria Craig Producer, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Engineer
Brian Allison Engineer
Alex Schroeder Digital producer
Meredith Garretson Producer
Erika Soderstrom Producer/Director