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'There's going to be room for both systems'

In a sit-down interview, Cleveland Fed President Loretta Mester discusses how the FedNow real-time payment system will work alongside a big-bank one.

In a sit-down interview, Cleveland Fed President Loretta Mester discusses how the FedNow real-time payment system will work alongside a big-bank one, and threats to financial stability.

Related article: FedNow is necessary, Fed digital currency is not: Mester