Watch Governor Brainard’s August 6 announcement
August 6, 2020
Federal Reserve Board Governor Lael Brainard marked a milestone on August 6 when she announced the FedNowSM Service’s features and functionality. Brainard was accompanied by Kansas City Fed President Esther George and FedNow Program Executive Ken Montgomery for the livestreamed webinar, reflecting the Federal Reserve’s efforts toward establishing an infrastructure that will support instant payments in the United States.
Watch the webinar below or read Brainard’s written remarks (Off-site).
Visit these links to learn more:
- FedNow launch timing and service design
- Board of Governors' press release (Off-site)
- Frequently asked questions (Off-site)