I thank Ellen Bromagen and the other organizers for inviting me to speak again at the Chicago Payments Symposium. It is truly an honor to participate in this symposium, which, under Ellen’s leadership, is a premier event for sharing ideas and for gathering insights from those who are involved in the payment system. At this time of dramatic change in payments, I feel privileged to chair the Fed’s Financial Services Policy Committee (FSPC), which oversees the provision of the Fed’s payment services to deposit institutions and the U.S. Treasury. And I want to thank Ellen for being such a key member ... (full story)