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.govJerome Powell: “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…”
Editor's note · Context
Jerome Powell explains the benefits of the FedNow system for real-time payments.
Share
More from Jerome Powell
Jun 3, 2026
We do not take into account the fortunes of any political party or politician.
Jul 1, 2025
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
Other voices in this conversation
