Key Takeaways
- Federal Reserve Vice Chair Lael Brainard introduced at the moment that FedNow is scheduled to launch between Could and July 2023.
- FedNow is the Federal Reserve’s prompt fee service; it would permit households, companies, and monetary establishments to settle transactions at any time of any day.
- Federal Reserve Governor Michelle Bowman believes FedNow resolves some points {that a} CBDC would tackle.
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The U.S. Federal Reserve says that it’s going to introduce its prompt…
