The Federal Reserve is thinking about a digital dollar
May 21, 2021

The Federal Reserve is thinking about a digital dollar

HTML EMBED:
COPY
Plus, what shoe sales are telling us about the economic recovery, President Joe Biden is asking federal agencies to gauge the financial risk of climate change and the cash-free model might be here to stay.

Segments From this episode

How digital currencies work

May 21, 2021
The Federal Reserve is thinking about a central bank digital currency for the U.S., which would be less volatile than Bitcoin.
The value of cryptocurrencies like Bitcoin fluctuates, but a central bank-backed digital dollar would be worth ... a dollar.
Karen Bleier/AFP via Getty Images

An economic indicator suited to the pandemic: dress shoes

May 21, 2021
Dress shoe could give us a sense of how the economy is recovering.
The thing about dress shoes: You don’t really wear them around the house. They’re meant to be seen by other people.
Fox Photos/Getty Images

Biden asks federal agencies to gauge financial risk of climate change. Many businesses are already there.

May 21, 2021
The federal government is likely to start by following major businesses' lead, one analyst told us.
President Biden told federal agencies to report back on steps they’re taking to regulate the financial risk of climate change.
Lukas Schulze/Getty Images

TV upfronts went virtual this year. Is that all that changed?

May 21, 2021
The answer might depend on how much advertisers spend, and where they spend it.
Mindy Kaling speaks onstage at Hulu's Upfront Presentation in 2014. Since last year, upfront presentations have gone virtual.
Michael Loccisano/Getty Images for Hulu

Many businesses may keep the cash-free model they started in the pandemic

May 21, 2021
The pandemic has accelerated the cashless trend, according to the electronic payments company Square.
According to one expert, we were headed towards cashless businesses anyways. The pandemic got us there three years quicker.
Isaac Brekken/Getty Images for VISA Inc)

Music from the episode

Confessions Sudan Archives
Black Sands Bonobo
Sundress Butcher Brown
Soft Stud Black Belt Eagle Scout

The team

Nancy Farghalli Executive Producer
Bridget Bodnar Producer
Daisy Palacios Producer
Sean McHenry Associate Producer
Maria Hollenhorst Associate Producer