payment space
Federal Reserve Governor Christopher Waller stated that the Fed will adopt a more proactive approach to integrate advancements in the payment sector. Waller emphasized the need for the Federal Reserve to keep pace with innovations in payments to ensure the U.S. remains competitive. He noted that embracing new technologies is essential to enhance the efficiency and security of financial transactions. Waller’s comments reflect a broader commitment within the Federal Reserve to adapt to changing financial landscapes and consumer needs. The proactive approach aims to facilitate the development of a more modern payment system that meets the demands of today’s economy.
