In March, the U.S. presidential candidate, during his tenure as Florida's governor, enacted a bill that banned the utilization of CBDCs within his state.
Bukele says that El Salvador can be like other developing countries even though past laws made it illegal for presidents to run again.
As inflation continues to wreak havoc on the lives of regular Americans, all eyes are on the Federal Reserve's efforts to alleviate the situation in the United States. Meanwhile, while St. Louis Fed president James Bullard wants to quickly raise the benchmark bank interest rate, Atlanta Fed president Raphael Bostic believes that the central bank should proceed with prudence in raising the rate.
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