Economy / FinanceRomeo Full Staff

Fed Chair Jerome Powell Says U.S. will have Real-Time Payments Soon


Fed Chair Jerome Powell Says US will have Real-Time Payments “Very Soon” Joshua Ramos March 8, 2023 Speaking today, Fed Chair Jerome Powell says the US will have real-time payments “very soon.” Moreover, Powell spoke on the potential integration of a CBDC that won’t arrive for “years,” whereas the implementation of real-time payments for all banks is realistically close. At the Federal Reserve’s Semi-Annual Monetary Policy Report meeting, Powell discussed topics from a potential US debt default to stablecoins. Subsequently, he answered questions on the instant payments between bank accounts. Assuring us it is just on the horizon. JUST IN: FED Chair Jerome Powell…

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