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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.
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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.”
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Music from the episode
Yin And Yang Uyama Hiroto
The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Daniel Shin
Producer
Jay Siebold
Technical Director
Brian Allison
Engineer
Meredith Garretson Morbey
Senior Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Alex Schroeder
Producer
