Be Well: Federal Reserve Introduces FedNow Payment System
Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about the Federal Reserve's newest payment system, FedNow Service. That platform is designed to make real-time payments more widely available for businesses and individuals.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
