The Days After...Economy / Finance

The Federal Reserve suffers widespread disruption to payment services


The Federal Reserve suffered a widespread disruption in multiple payment services Wednesday, including a system that banks and businesses rely on to zip trillions of dollars around the financial system each day. After experiencing problems for several hours, the crucial payment system, known as Fedwire, resumed normal operations shortly before 3 p.m. ET, according to the Fed’s website. Other Fed services are still down, however. In a statement, the Fed blamed an “operational error” and said it is working to restore services and communicate with customers. Banks, businesses and government agencies rely on Fedwire to transfer vast sums of money…

This content is for Q17 Membership, Classified Membership, and LifeTime Patriot Membership members only.
Login Join Now
QNavy is a pool a 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

President Biden Participates in the National Governors Association’s Winter Meeting

Previous article

South China Sea: deep-water semi-submersible oil production and storage facility

Next article

You may also like


Comments are closed.