Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the U.S. payments system, but he doubts the financial system can support a large number of these assets ...

All payments made to the federal government should be processed electronically “as soon as practicable,” per the order. Exceptions can be made for individuals who do not have access to banking ...

These systems process $5.4 trillion in federal ... the fiscal agent of the Treasury,” Powell said. The Fed’s role is to process payments as directed by the Treasury.

Most Americans don't know their own tax rate or what others pay to the IRS, yet most feel their taxes are too high.

Waller is leading the work on payments system issues for the U.S. central ... adding that the Fed's role is to "convene the industry together to think about what the problems are" and how they ...

Waller is leading the work on payments system issues for the U.S. central ... adding that the Fed’s role is to "convene the industry together to think about what the problems are" and how ...