Breaking News: Fed Chairman Jerome Powell makes a candid admission, stating that we are 'nowhere near' the creation of a digital dollar.

🇺🇸💰 This revelation underscores the complexities and challenges involved in developing a Central Bank Digital Currency (#CBDC) for the United States.

In an era where digital innovation is rapidly transforming finance, this update opens up a conversation on the future of money and the pace at which governments can adapt to technological advancements.

What implications might this delay have for the global financial system and for the U.S. in the race towards digital currencies?

Share your insights.

#DigitalDollar #JeromePowell #FederalReserve