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Barr: Opening Remarks At the Economics of Payments XII Conference
I am grateful for the opportunity to speak with you today, at a time of great change, and great promise, for the payments system.1 The Federal Reserve plays multiple roles in the payments system, including as a supervisor of banks and financial market utilities and as an operator of some key components of payments infrastructure. The research done by experts, including those in this room, is vital in helping us understand what works well in the payments system and what can be done to improve it. We introduced the FedNow Service® in July to facilitate secure and convenient instant payments. We developed FedNow in ... (full story)
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FED'S BARR DOES NOT COMMENT ON MONETARY POLICY OR ECONOMIC OUTLOOK IN REMARKS TO FED PAYMENTS CONFERENCE.
— Breaking Market News (@financialjuice) October 27, 2023
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FED'S BARR: THE CENTRAL BANK STILL CONSIDERING DIGITAL DOLLAR, THE CENTRAL BANK HASN'T DECIDED ON A CBDC.
— Breaking Market News (@financialjuice) October 27, 2023