EUR/USD 1.15599
0.017%
Gold 4443.52
-1.290%
Oil 98.000
1.064%
USD/JPY 159.098
-0.125%
GBP/USD 1.33327
-0.004%
GBP/JPY 212.125
-0.129%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 23 – Abu Mujahid al-Assaf, a security official and spokesman for the Iraqi Shiite armed group Kataib Hezbollah, issued a statement early on the 23rd local time, announcing a five-day extension of the suspension of operations against the US embassy in Iraq. The statement urged the complete withdrawal of all foreign troops from Iraq and emphasized that no foreign troops would be allowed to possess any lethal weapons or air defense systems on Iraqi territory.According to the Wall Street Journal, sources familiar with the matter said that employees at Meta Platforms (META.O) have begun using personal agent tools like My Claw, which have access to their chat logs and work files and can communicate on their behalf with colleagues (or their colleagues personal agents).According to the Wall Street Journal, Meta Platforms (META.O) CEO Mark Zuckerberg is building an AI agent to help him handle work-related tasks.S&P 500 futures recovered earlier losses, Nasdaq futures are currently down 0.1%, and Dow futures are up 0.15%.On March 23, the U.S. State Department issued a warning on March 22, advising U.S. citizens worldwide, particularly those in the Middle East, to exercise caution. The warning stated that U.S. citizens abroad should follow security alerts issued by the nearest U.S. embassy or consulate. Periodic airspace closures could disrupt travel. U.S. diplomatic facilities outside the Middle East have become targets of attack. Groups supporting Iran may target other U.S. interests abroad or locations worldwide associated with the U.S. and its citizens.

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.

Suggestion