On the recordMarch 7, 2023
What FedNow will do is it will enable all of the banks, any bank in the United States, not just the big ones, to offer instantly-available funds and real-time payments to their customers.
Source
congress.govEditor's note · Context
Jerome Powell explains the benefits of the FedNow system for real-time payments.
Share
More from Jerome Powell
Jul 1, 2025
I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.
Jun 3, 2026
We do not take into account the fortunes of any political party or politician.
Jul 1, 2025
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
Jul 2, 2025
There are no new water features, there’s no beehives, and there’s no roof terrace gardens
Other voices in this conversation
