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Fed chief says Facebook currency project raises 'serious concerns'

Reuters Wednesday, 10 July 2019 ()
Fed chief says Facebook currency project raises 'serious concerns'U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns were addressed, piling further pressure on the controversial project.
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News video: Facebook's cryptocurrency raises 'serious concerns'- Powell

Facebook's cryptocurrency raises 'serious concerns'- Powell 01:54

U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns were addressed. Rough Cut (no reporter narration).

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