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Conflict Status 1. The Israeli military claims to have struck approximately 10 Hezbollah facilities in southern Lebanon. 2. The Houthi rebels claim Saudi warplanes violated Yemeni airspace. Further attacks by Saudi Arabia would be met with "strikes targeting Saudi airports and vital objectives." US-Iran Negotiations 1. Irans acting defense minister: will respond to violations of the agreement. 2. The International Atomic Energy Agency: has not yet been granted access to Iranian nuclear facilities. 3. Iranian Parliament Speaker Ghalibaf: The US and Israel have failed to achieve any of their objectives in the war. All parties have now concluded that the military action against Iran has failed. The US should accept regional realities and call for the lifting of sanctions. Strait of Hormuz 1. Iranian Parliament Speaker Ghalibaf: will not allow US interference in the Strait of Hormuz. 2. Iranian Parliament Speaker Ghalibaf: The Strait of Hormuz should be jointly managed by Iran and Oman. 3. Data shows that the UAEs crude oil exports reached a record 3.7 million to 3.8 million barrels per day in June. 4. Data shows that Gulf region oil exports in June increased by more than 3 million barrels per day compared to May, exceeding 10 million barrels per day, but are still 40% lower than pre-war levels. Other developments: 1. Iran held a farewell ceremony for the late Supreme Leader Khamenei. 2. European Commission President Ursula von der Leyen: Israeli settlement expansion is unacceptable. 3. According to Reuters, sources say Japanese oil buyers are in preliminary talks with Iran regarding crude oil purchases. 4. According to Axios: Trump spoke with Netanyahu by phone on Friday. The Israeli Prime Ministers office stated that both sides agreed to hold a meeting in the United States soon.Claude: We are investigating anomalous errors occurring in multiple models.Conflict Update: 1. Ukraine reports 30 deaths in attack on Kyiv. 2. Russia reports 5 deaths and 18 injuries in Ukrainian attack on Zaporizhye. 3. Putin announces Russian forces have "completely liberated" Luhansk. 4. Russian Ministry of Defense claims control of Oleksandrivka in Ukraine. 5. Russian Ministry of Defense: Over the past week, Russian forces destroyed numerous Ukrainian military industrial facilities, energy and logistics facilities used by the Ukrainian military, as well as Ukrainian military airfields and ammunition depots. 6. Ukraines Security Service: Drones attacked two Russian military airfields in Crimea. Preliminary information indicates at least seven fighter jets were damaged in the attack. Other Updates: 1. Russia increases refinery subsidies in June to address fuel shortages. 2. Zelensky calls for Patriot missile production in Ukraine. 3. Poland says it will carefully consider making new financial support commitments to Ukraine. 4. NATO senior commander: Europe has largely filled the gap left by US military reductions. 5. NATO plans to pledge €70 billion in military aid to Ukraine in 2026 and “at least the same level” of support in 2027.On July 4th, the Russian Ministry of Defense released a war report on July 3rd, indicating that in the week between June 27th and July 3rd, in response to Ukrainian attacks on Russian civilian targets, Russian forces destroyed multiple Ukrainian military industrial facilities, energy and logistics facilities used by the Ukrainian military, as well as Ukrainian military airfields and ammunition depots. The Security Service of Ukraine reported on July 3rd that its drones struck two Russian military airfields in Crimea. Preliminary information indicates that the attacks damaged at least seven aircraft. As of now, Russia has not responded to this news.European Commission President Ursula von der Leyen: Europe is facing a housing crisis. We plan to establish a "European Housing Union" and hold a high-level summit on European housing issues.

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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