Fed chair nominee Warsh: The Fed has no right to issue a CBDC

U.S. Federal Reserve chairman nominee Kevin Warsh said the Fed does not have the right to issue a CBDC, according to a post on X by Eleanor Terrett, host of Crypto in America. Warsh added that even if he had the authority as chairman, he would not push for the adoption of a CBDC, stating his agreement that it would be the wrong policy choice.