“...envisions the complete migration of demand deposit accounts to the Fed’s balance sheet...”
Gee, what could go wrong?
this is exactly why they want her
she won’t be in the way of the change, she’ll be leading it
“issuance of general-purpose CBDC (the “digital dollar”) and concurrent migration of all transaction deposit accounts from private banks to the Federal Reserve. Focusing on the ultimate “end-state” whereby central bank accounts fully replace—rather than uneasily co-exist with—private bank deposits”