A technical glitch with the whole Federal Reserve System? The banks were vague on what broke, but whatever it was stayed broke for a long time, stopping transactions for days on end. Was it FedNow that broke — the Fed’s new system that debuted this past summer and is supposed to enable your bank transactions to become nearly instant? Crickets. The Fed wasn’t saying; neither were the banks, but something was not nearly instant, except the speed at which the breakage showed up.
https://www.activistpost.com/2023/11/is-the-fednow-broke.html
https://www.activistpost.com/2023/11/is-the-fednow-broke.html
A technical glitch with the whole Federal Reserve System? The banks were vague on what broke, but whatever it was stayed broke for a long time, stopping transactions for days on end. Was it FedNow that broke — the Fed’s new system that debuted this past summer and is supposed to enable your bank transactions to become nearly instant? Crickets. The Fed wasn’t saying; neither were the banks, but something was not nearly instant, except the speed at which the breakage showed up.
https://www.activistpost.com/2023/11/is-the-fednow-broke.html