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Waller: Payments Innovation, Technical Standards, and the Federal Reserve's Roles
Thank you, President Kashkari, for the introduction, and thank you to the conference participants for the opportunity to speak with you.1 As you all know, the payment system relies on the kind of cooperation and collaboration that this body represents. So, let's begin by acknowledging that ongoing effort. From its founding, the Federal Reserve has played a central role in payments. We seek to foster a payment and settlement system that is safe and efficient. Such a system promotes a vibrant economy, since it allows for participation from a broad range of individuals and businesses without requiring them to invest ... (full story)