Federal Reserve taking a wait and see approach on Facebook Libra
Federal Reserve Chairman Jerome Powell doesn’t know much about Libra yet, but he knows it will be big.
Federal Reserve Chairman Jerome Powell doesn’t know much about Libra yet, but he knows it will be big.
The chairman of the U.S. Federal Reserve, Jerome Powell, understands that cryptocurrency regulations are a requirement if the industry is going to be allowed to thrive.
According to a report by CNBC, Fed chief Jerome Powell pointed out that the annual deficit in the U.S. has reached sustained amounts of more than $1 trillion and that he is “very worried about it.”