What would be the point of a central bank digital currency?

While a decision has yet to be made, the Federal Reserve has been looking into the possibility of a central bank digital currency for several years. Bhaskar Chakravorti, dean of global business at The Fletcher School at Tufts University, said there are multiple reasons why a CBDC has been on the table for the U.S. More people are going cashless; a digital currency backed by the Fed...