Topic: St Louis Fed

President Biden joked that "turkey is infrastructure" during the annual turkey pardon, while the St. Louis Federal Reserve published a chart suggesting consumers switch to Tofurky to save money. The segment also covers the emergence of "faux fish" made from tomatoes and algae as part of a broader trend toward synthetic food.

The St. Louis Federal Reserve released a report examining the case for central bank electronic money while arguing against central bank-issued cryptocurrencies. The report highlights the banking sector's interest in centrally organized digital currencies to prevent being cut out of transactions. The discussion also critiques the "Know Your Customer" (KYC) registration requirements now standard in Initial Coin Offerings (ICOs).