The Federal Reserve is thinking about a digital dollar

Federal Reserve Chair Jerome Powell said Thursday that the Fed will publish a report on central bank digital currency this summer. A central bank digital currency is kind of like Bitcoin, minus the chaos and volatility. So how would that work in the U.S.? Also on the show today: What shoe sales are telling us about the economic recovery, President Joe Biden is asking federal agencies to gauge the financial risk of climate change and the cash-free model might be here to stay.

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