May 24, 2023
Vanity McDaniel provides an update on FedNow, the first new payments platform launched by the Federal Reserve in 50 years, and why the Fed decided to facilitate real-time or "instant" payments in the financial system. McDaniel is a senior payments business advisor at the Federal Reserve Bank of Richmond.
Full transcripts and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2023/speaking_2023_05_24_fednow