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Brainard: Fed moving fast on instant payment system

Friday, August 7, 2020   (0 Comments)
Posted by: Amanda Averch
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Federal Reserve Governor Lael Brainard said the central bank will launch its instant payment system as soon as possible, after seeing how it could have helped the US cope with the turmoil of the coronavirus pandemic. "The ability to disburse funds via instant payments could have helped reduce the strain for those who needed the funds quickly in order to meet financial obligations," she said.

Full Story: Reuters (8/6) 

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