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According to Les Echos, French technology and artificial intelligence company Mistral is investing €1.2 billion to build a new data center campus in Sweden.A Reuters poll found that 41 out of 57 economists surveyed expressed concern about the Federal Reserves independence being weakened after Powells term ends.A Reuters poll of 53 economists found that 49 of them believe the main risk is that the Federal Reserve under Kevin Warsh may set monetary policy too loose.A Reuters poll of 101 economists found that 60 believe the Federal Reserve will cut the federal funds rate by 25 basis points to a range of 3.25%-3.50% by the end of June (the January poll had no consensus).February 11th - Investinglive analyst Justin Low stated that all eyes are on the non-farm payroll data, with market participants awaiting news to react. Currently, traders expect the Federal Reserve to cut interest rates by approximately 60 basis points cumulatively this year, and have already priced in a further 25 basis point rate cut at the June meeting. Yesterdays weak consumer picture naturally reinforced this expectation. If todays non-farm payroll data is strong and the unemployment rate stabilizes, it suggests that the Fed may keep interest rates unchanged for a longer period. In an optimistic scenario, this could significantly reduce the risk of rate cuts in the first half of the year. However, given the mixed signals from yesterdays US consumer data, it is too early to completely rule out the possibility of further rate cuts in June or July.

US Fed Considering CBDC, But Not Decided To Pursue or Implement

Cory Russell

Apr 15, 2022 10:40

The Federal Reserve of the United States has said that it is exploring creating a central bank digital currency (CBDC). The central bank has not yet determined whether or not to pursue or deploy a digital dollar, according to the central bank.


The Fed, on the other hand, has already issued a CBDC report emphasizing the use of stablecoins like USD Coin and Tether; the statement on Thursday is the most important to date.

Fed Exploring CBDC “Benefits and Risks”

In a tweet today, the authority said that it is looking into the possible advantages and hazards of CBDCs.


It has also produced a series of CBDC FAQs, explaining why it is contemplating it now. Given technology improvements ushering in a rush of new private-sector financial goods and services, the Fed believes it is the "appropriate moment" to examine a digital dollar.


CBDCs, according to the bank, might provide a variety of advantages. A digital dollar, for example, might give consumers and businesses a simple, electronic version of central bank money, as well as a platform for entrepreneurs to develop new financial goods and services and promote quicker and cheaper payments.

Lawmakers Critical of Fed’s Progress

US legislators questioned Fed Chair Jerome Powell in January on the pace and status of the Fed's CBDC review, which was set to be released last summer.


Fed Governor Christopher Waller stated last month that he isn't sure that a CBDC is necessary for retail consumers in particular.


"Are we actually in need of it?" That is something I have yet to be persuaded of. It's not to say I couldn't be, but I've never seen that on a retail CBDC."


Tom Emmer, a Minnesota politician, sponsored a measure in January to restrict the Fed from exercising unilateral authority over the US CBDC. The lawmaker wants the central bank to be prohibited from issuing digital dollars to people directly.

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