Powell Says Fed Hasn't Made Call on Digital Currency

The video discusses the importance of the U.S. maintaining its leadership in policy and technological innovation, particularly in the realm of cross-border payments and Central Bank Digital Currencies (CBDC). It emphasizes the need to prioritize getting things right over being first, given the dollar's global significance. The video highlights the global demand for the dollar, driven by trust in U.S. institutions and financial markets. It also explores the potential benefits and risks of CBDC, including cybersecurity, monetary policy impacts, and privacy concerns. The video concludes by stressing the need for thorough evaluation of these complex issues.

How does the trust in the dollar relate to the rule of law and financial institutions?

What are some of the difficult policy and operational questions that need to be evaluated regarding CBDC?