Kevin Warsh, in a commitment to Senator Bernie Moreno, stated that he would not support the Federal Reserve's move towards a central bank digital currency (CBDC) if confirmed as chairman. Warsh emphasized that he believes the Fed lacks the authority to issue a CBDC and described such a move as a "bad policy choice." This stance aligns with concerns about the implications of a CBDC on financial privacy and the traditional banking system.
Warsh Opposes Federal Reserve's Move Towards CBDC
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