U.S. Treasury Secretary Scott Bessent said on Tuesday the Federal Reserve's system of managing interest rates is struggling ...

The U.S. Federal Reserve aims to get a new set of streamlined payment accounts that would allow risk-tailored access to Fed ...

The US Federal Reserve is considering the introduction of a new type of payment account that would make it easier for smaller companies to participate in the central bank’s payment system, signaling ...

The Federal Reserve’s 12 Reserve Banks, operating around our nation, help ensure that a wide range of household, community, and business economic conditions and perspectives inform Fed policies, ...

The Federal Reserve is conducting technical research in such areas as tokenization, smart contracts, and artificial intelligence in payments, Fed Governor Christopher Waller said on Wednesday. In a ...

NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said Thursday stablecoins will bolster competition in the payments system, and that that was a good thing. The rise of stablecoins will ...

Federal workers and their supporters gather outside the Treasury Department on Feb. 4, 2025, in Washington, D.C., to protest Elon Musk and DOGE’s takeover of federal systems. (Scoop News Group photo ...

(CNN) — A federal judge, citing a risk of “irreparable harm,” has temporarily restricted Elon Musk’s government efficiency team from accessing a critical Treasury Department payment system. CNN — (CNN ...

Recently, the Fed published a research note examining the rise of Pay-by-Bank as a payment solution for consumers, focusing on its adoption at the point of sale as an alternative to cash or credit ...

A federal judge on Friday extended an earlier decision barring employees with the Department of Government Efficiency (DOGE) from accessing a sensitive federal payment system at the Treasury ...