(Bloomberg) -- Federal Reserve Jerome Powell says Facebook Inc.’s proposed Libra stablecoin would need to be held to the highest regulatory and supervisory expectations because it could be systemically important right off the bat. This is not going to be a sprint to implementation.

For more on Fed’s Powell Speaks on Economy, Monetary Policy in Zurich, click here for our TOPLive blog.

To contact the reporter on this story: Luke Kawa in New York at lkawa@bloomberg.net

To contact the editor responsible for this story: Anny Kuo at akuo1@bloomberg.net

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