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Fed's Jerome Powell Has 'Serious Concerns' With Facebook Libra Proposal

Newsmax 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...
Credit: Reuters Studio - Published < > Embed
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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