- I still haven’t seen a use-case scenario for a CBDC
- Crytpo to me is like baseball cards
- I don’t care if an ETF wants to hold baseball cards but I don’t want pensions holding a large percentage of it
- Bubbles can persist for a long time
- I don’t see any reason why we would see a change in USD usage
- If you need to hold reserves, where else are you going to go?
- China doesn’t typically issue debt, so what’s the reserve asset you’re going to hold?
- We don’t try to do anything at the FOMC to steer the dollar in any direction
The event is over now and there was nothing on monetary policy.
This article was written by Adam Button at www.forexlive.com. Source