A payment system encompasses a set of instruments and means generally acceptable in making payments; the institutional and organizational framework governing such payments, including prudential ...

The Fed's main responsibilities include: Managing the nation's money and money supply Maintaining banking payment and transaction systems Creating ... that play a key role in the decisions made ...

Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the nation’s payment system, but he doubts the financial system can support a large number of ...

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.

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 ...

The Federal Reserve is again leaving its benchmark interest rate at 4.25% to 4.5%, citing rising economic uncertainty.