Lael Brainard, Speech: Progress on Fast Payments for All, An Update on FedNow
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“I am pleased to join the FedNow Early Adopter Workshop.1 With the technical testing phase of the FedNow℠ Service kicking off in mid-September, I want to particularly thank the early adopters for the important investments they are making to prepare for the day when the FedNow Service goes live next year. Together with our partners, we will be ready to launch the FedNow Service between May and July of 2023, bringing this innovative core instant payment infrastructure to financial institutions of every size across America.”