Big news about money! The head of the U.S. Federal Reserve, Jerome Powell, said the U.S. won't create its own digital money (like Bitcoin) while he's in charge. This has been talked about for years, but he says it's not happening. He'll be in charge until 2026.
- The U.S. Federal Reserve won't make its own digital money.
- This was a big question for a long time.
- The Fed is working on a different system to make money transfers faster.
| Fact | Details |
|---|---|
| Powell's Term Ends | May 2026 |
| Fed's Decision | No CBDC (Central Bank Digital Currency) |
| Alternative System | FedNow (faster payments) |
