Chairman of the U.S. Federal Reserve, Jerome Powell, indicated that the U.S. central bank will not issue a central bank digital currency (CBDC) as long as he remains in his position. This statement reflects a cautious stance toward the issuance of a digital currency by the central bank, even though many central banks around the world are either exploring or already developing their own digital currencies.

A central bank digital currency (CBDC) is a digital form of currency issued by a nation's central bank, distinct from cryptocurrencies like Bitcoin, as it is government-backed and under the control of the central bank. The goal of a CBDC is to provide a secure and efficient digital alternative to physical cash, while maintaining financial stability and control over monetary policy.

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