Season 5: Notes on Cash: How the Fed Keeps Money Moving
Runtime: 14:18—The condition of U.S. currency—including whether it’s genuine—is the business of the Federal Reserve because healthy currency is essential to keep the economy moving. But how does the Fed know when notes aren’t “fit for commerce?” Or when they’re fake?
Runtime: 14:22—The pandemic could have wiped out cash, as people increasingly turned to online and touch-free transactions. Instead, cash usage fell, then held steady. Why? In this episode, we examine cash’s future and the Fed’s role in keeping it available.