Cleveland Fed’s Mester lays out ‘considerable progress’ on payment systems initiative
Loretta Mester discusses progress in accumulating members for task forces
There has been "considerable progress" in the payment systems improvement initiative in the United States since the initial ‘strategies' paper was published in January, Federal Reserve Bank of Cleveland president Loretta Mester said today (November 18).
Mester told an audience at The Clearing House Annual Conference in New York that "able leaders" had been appointed, while the faster payments and secure payments task forces have accumulated 328 and 180 members respectively.
The former is also
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