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Payments and the Pandemic

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  • Loretta J. Mester

Abstract

It is a great pleasure being with you today as part of the 20th Anniversary Chicago Payments Symposium. Over the last two decades, this symposium has established itself as a valuable forum at which those interested in the payments system can gather to learn and share ideas. In recent years, the symposium has fostered important conversations between industry practitioners and policymakers. Those conversations have helped inform the Federal Reserve System’s initiative to improve and modernize the U.S. payments system. That work is ongoing and has reached important milestones this year, despite the pandemic. Today, I will discuss some of the effects the pandemic has had on the U.S. payments system and update you on some of our ongoing efforts to modernize the payments system. As always, the views I’ll express are my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee.

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  • Loretta J. Mester, 2020. "Payments and the Pandemic," Speech 88757, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcsp:88757
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    Keywords

    COVID-19;

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