FedNow could increase deposit flight risk; high rates raise UK mortgage lenders' asset, social risks
Moody's Talks - Focus on Finance
FedNow: A New Public Payment System for Mortgage Lenders
Moody's analyst Steve Tu joins Daniel Miles to talk about the Federal Reserve's new in-supemit system, FedNow. This is a new public payment system or a rail, air quotes. It's operated by the Fed. It's instant. And it's 24, 7, 365 days a year. We'll hear more about that in just a few minutes.
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