Digital Money Tests Central Banks

The transcript discusses the role of central banks in digital currencies, emphasizing regulation and efficiency. It compares the US approach with international leaders like China and Sweden. Risks of digital currencies, such as destabilizing financial systems, are highlighted. The need for appropriate regulation, possibly by Congress, is debated. David Marcus from Facebook's Libra argues for innovation and financial inclusion, but the transcript suggests legal changes for better inclusion.

What are the two main reasons the speaker believes central banks should be involved in digital currencies?

Evaluate responses using AI:

OFF

According to the speaker, what risks are associated with private currencies that are not regulated?

Evaluate responses using AI:

OFF

What does the speaker suggest about the Federal Reserve's pace in adopting digital currencies compared to other countries?

Evaluate responses using AI:

OFF

What argument does Governor Brainard make regarding digital currency and negative interest rates?

Evaluate responses using AI:

OFF

What are the potential consequences of a digital currency being controlled by the government, according to the speaker?

Evaluate responses using AI:

OFF

What does the speaker believe should be the role of Congress in the regulation of digital currencies?

Evaluate responses using AI:

OFF

How does the speaker view the relationship between financial inclusion and digital currency?

Evaluate responses using AI:

OFF