Fed's Jerome Powell Has 'Serious Concerns' With Facebook Libra Proposal
Wednesday, 10 July 2019 () Facebook Inc.'s proposal to create its own digital currency raises major questions that must must be addressed before the plan to create a coin called Libra moves forward, Federal Reserve Chairman Jerome Powell said Wednesday."Libra raises many serious...
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).
Facebook's David Marcus faced another day of governmental grilling, this time at the hands of the House Financial Services Committee, over the social media giant's plans for its digital currency Libra.