There is an affordability crisis and there is also a payroll timing issue that can actually be fixed right now. And that is exactly why FedNow payment service is so important. FedNow is an instant payment service offered by the Federal Reserve. And I've really enjoyed working closely with Chairman Hill and Senator Van Hollen in the Senate to get that service created years ago. FedNow can help households get their money in real time. (01:11–01:16)
CLAIM
Asserts that FedNow is an instant payment service provided by the Federal Reserve.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
