Tag: criticism
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Fed’s Waller pushes back on criticism of FedNow’s adoption rate
The Federal Reserve’s FedNow instant payment system has been under scrutiny recently due to slower-than-expected adoption rates. However, in a recent press conference, Fed Governor Christopher Waller defended the new system and addressed the concerns surrounding its adoption rate. The FedNow system was envisioned as a real-time payment platform that would enable consumers and businesses…