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CBDCs won’t entirely replace cash if the US Fed gets its way

The chairman’s comments were filmed and later shown at an event in Switzerland on Thursday, according to an article from Bloomberg. The Committee on Payments and Market Infrastructures put on the event. In his talk, Powell mentioned that the U.S. central bank and six other central banks collaboratively put together a report in conjunction with the Bank for International Settlements. The report weighed the viability of CBDCs viability in relation to governmental goals.

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Source: Cryptocurrency - investing.com

FedEx earnings beat estimates on 'unprecedented' holiday shipping season

U.S. Treasury plans to finalize rules on state, local stimulus payments within 60 days