Brookings’ Klein on Stablecoin’s Downsides, CBDC Myths and More Fed Cowbell

Aaron Klein, the Miriam K. Carliner Chair and senior fellow in Economic Studies at the Brookings Institution, discusses how the growth of stablecoins could hurt banks, why financial inclusion isn’t going to be solved by a central bank digital currency and why D.C. always wants to give the Federal Reserve more power.