Tom Williams / CQ-Roll Call, Inc via Getty Images Key Takeaways Federal Reserve Chair Jerome Powell said the Fed will never launch a Central Bank Digital Currency while he is in charge. Powell's comments nixed the possibility of the controversial payment system being developed during his term, which is set to last until May 2026. Advocates of a CBDC say it could make payments easier and faster, while critics point to privacy concerns. Federal Reserve Chair Jerome Powell said the central bank will not launch its own digital currency while he is in charge, shutting down the possibility of the…