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Insights: The Fed Has Concerns About Facebook’s Libra

July 10, 2019 00:00 AM UTC
- Updated May 05, 2020 15:42 PM UTC

Fed Chairman Jerome Powell explains why. (July 2019)


JEROME POWELL: We did actually have a meeting with representatives of Facebook a couple of months before the announcement. We do support responsible innovation in the financial services industry as long as the associated risks are appropriately identified and managed. And as we'll discuss, while th...

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