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Barr: The Federal Reserve’s Role in Supporting Responsible Innovation
Thank you for the opportunity to speak today, in the midst of a wave of innovation in the payments system. There are a range of important players in the payments system and the Federal Reserve has important roles as a supervisor as well as a payments operator. Regardless of who is providing the service, our payments system needs to meet fundamental principles. Among those core principles is ensuring that the payments infrastructure supports broad access and promotes financial inclusion. Payments are essential for everyday life, and too often, low- and moderate-income households and small businesses don't have access ... (full story)
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FED'S BARR: THE FED WOULD ONLY PROCEED WITH A DIGITAL CURRENCY WITH CLEAR SUPPORT FROM EXECUTIVE BRANCH AND LEGISLATION FROM CONGRESS.
— Breaking Market News (@financialjuice) September 8, 2023
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FED'S BARR DOES NOT COMMENT ON MONETARY POLICY, ECONOMIC OUTLOOK IN THE PREPARED REMARKS.
— Breaking Market News (@financialjuice) September 8, 2023