Full-scale pilot testing of the Federal Reserve System’s instant payments service – FedNow – is set to launch in September, with the Federal Reserve Banks’ rollout of the FedNow Service now set to occur between […]
Jerome. H. (“Jay”) Powell and Lael Brainard were sworn in Monday to terms as chair and vice chair of the Federal Reserve Board Monday, the Fed announced, noting also the swearing in of Lisa D. […]
Jerome Powell and Lael Brainard’s remarks upon being designated the president’s nominees for Federal Reserve chair and vice chair highlighted numerous priorities ahead that include, among others, reining in inflation. “We know that high inflation […]
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