Big news about money! The head of the US Federal Reserve, Jerome Powell, said the US won't be getting a special digital dollar anytime soon. He thinks the regular banks and companies can handle things better. This digital dollar is called a CBDC (Central Bank Digital Currency).
- The US government isn't planning to create a digital dollar.
- Mr. Powell and other leaders think private companies can do a better job.
- They don't see a need for the government to make its own digital money right now.
| Fact | Details |
|---|---|
| Who said no? | Jerome Powell (Federal Reserve Chair) |
| What's not happening? | A US digital dollar (CBDC) |
| Why? | Private companies can handle things |
