Federal Reserve Announces Lineup of Engagements at Money20/20

BY Business Wire | ECONOMIC | 10/19/22 12:27 PM EDT

CHICAGO--(BUSINESS WIRE)-- The Federal Reserve will have a notable presence at this year?s Money20/20 conference on Oct. 23-26 in Las Vegas, including representation from Governor Christopher Waller of the Federal Reserve Board. Attendees will also have opportunities to learn more about the FedNow? Service, a new instant payment service launching mid-year 2023.

Highlights of the Federal Reserve?s engagements during Money20/20 include:

  • Interview with Governor Christopher Waller of the Federal Reserve Board
    During a 1:1 interview with Governor Christopher Waller of the Federal Reserve Board, Money20/20 attendees will hear his unique perspective on digital innovation, payments evolution and the future of the U.S. financial landscape. Dr. Waller serves on the Federal Reserve Board overseeing implementation of the FedNow Service.
    Time/Location: Tuesday, Oct. 25 from 10:55-11:15 a.m. PDT at Showtime, Expo Hall, Level 2
  • FedNow Service: Ask the Experts
    As a new payment rail, the FedNow Service requires planning and execution across many areas, from payment strategy and operations, to technology, risk management, customer service, accounting and more. To answer questions in these areas, members of the FedNow Service team will be available at designated times throughout the conference to hear from and share information with conference attendees.
    Location/Time: Federal Reserve Suite on Monday, Oct. 24 from 11-2 p.m. PDT and Tuesday, Oct. 25 from 11-12 p.m. PDT
  • FedNow Service Live Demos
    Money20/20 attendees can visit the Federal Reserve booth for live demonstrations of the FedNow Service. Each demo will last approximately 15 minutes.
    Location/Time: Federal Reserve Booth (#3022) on Monday, Oct. 24 & Tuesday, Oct. 25, taking place at the top of every hour from 9-10 a.m., 12-1 p.m. and 3-4 p.m. PDT

In addition, the Federal Reserve will provide information on other payments products and strategic initiatives at booth #3022 and during targeted industry engagements.

Media attending can also request time to connect with a senior Federal Reserve executive. For more information, including a detailed agenda and media registration information, visit https://us.money2020.com/.

Source: Federal Reserve Financial Services

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.