The Biden administration’s climate czar, John Kerry, proclaimed that despite record-high gas prices, the United States doesn’t need to drill for more oil or natural gas. Speaking during a forum, Kerry said that Republicans and some analysts have suggested that “we need more drilling” and “we need to go back to coal.” He then argued: “No, we…

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There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch). 105 Countries Are Exploring CBDCs The Atlantic Council’s Geoeconomic Centre has released a major update to its Central Bank Digital Currency (CBDC) Tracker. According to the tracker:…

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Last week Federal Reserve Vice Chair Lael Brainard warned House lawmakers about the risks of moving too slowly to issue a central bank digital currency, or a so-called “digital dollar,” saying that failure to act could jeopardize the dollar’s status as the world’s dominant currency. Not everyone thinks a central bank digital currency, or CBDC, would be…

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Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., described the challenges facing the U.S. economy akin to an “hurricane” down the road and urged the Federal Reserve to take forceful measures to avoid tipping the world’s biggest economy into a recession. Dimon’s comments come a day after President Jo Biden met…

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