An Update on the Federal Reserve’s Efforts to Modernize the Payment System

Loretta Mester

Speech from Federal Reserve Bank of Cleveland

Abstract: This morning, I will discuss some efforts the Federal Reserve has underway, in collaboration with the industry and other payments stakeholders, to modernize the payment system, a critical part of the infrastructure in the U.S. Of course, the views I present will be my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee (FOMC).

Pages: 15
Date: 2022-10-04
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