The argument against the Fed creating a central bank digital currency

“It's hard to find a clear reason to have [a CBDC], and, in fact, there are a lot of reasons not to,” says the Roosevelt Institute’s Chris Hughes.
“It's hard to find a clear reason to have [a CBDC], and, in fact, there are a lot of reasons not to,” said the Roosevelt Institute’s Chris Hughes.
Mladen Antonov/AFP via Getty Images

Biden seeks to keep Powell in place, elevate Brainard at Federal Reserve

Nov 22, 2021
Brainard will be nominated for vice chair. The two officials typically agree on monetary policy but sometimes diverge on regulation.
President Joe Biden names Jerome Powell, left, as his nominee for Federal Reserve chair and Lael Brainard, right, as vice chair.
Jim Watson/AFP via Getty Images

Fed Gov. Lael Brainard on the longest shutdown in history

Jan 18, 2019
The economy has been "pretty healthy," she says, but the shutdown is one of the downside risks the Fed is watching.
"Every time that the economy gets to a shutdown or a debt limit, you really do sense that desire from Americans across the country for the government to function well, and to be predictable, and I think that's what we're seeing today. People want to go back to work. They want to get their paychecks. This is affecting communities all over the country," said member of the Federal Reserve Board of Governors Lael Brainard.
 
Stuart Isett/Fortune

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