Federal Reserve Bank of New York
Recent News About Federal Reserve Bank of New York
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China pushes digital currency: 'The United States is clearly behind'
Sheila Warren, CEO of the Crypto Council for Innovation, a global alliance of crypto industry leaders, said in an episode of the podcast "Unchained" that the world should pay attention to China's progress on advancing its central bank digital currency (CBDC) and its efforts to get other countries to use its digital yuan by offering to invest in infrastructure in those countries. Some experts have predicted that China aims to lead the world in digital currency adoption and could leverage it to set global standards and avoid sanctions imposed by the U.S. and its allies.
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OPINION: Protectionism and the development of the U.S. maritime industry
By any measure, U.S. maritime protectionism is a failure, serving neither the United States’ broader economic interests nor those of the very industry whose fortunes the policy is meant to promote.