Thursday, February 25, 2021

%u2018Operational%20error%u2019%20disrupts%20Federal%20Reserve%20payment%20system%20%7C%20Financial%20Times

%u2018Operational%20error%u2019%20disrupts%20Federal%20Reserve%20payment%20system%20%7C%20Financial%20Times: Although%20the%20problems%20were%20resolved%20within%20a%20few%20hours%2C%20the%20breakdown%20will%20raise%20concerns%20about%20the%20reliability%20of%20the%20processes%20that%20ensure%20the%20smooth%20processing%20of%20up%20to%20%244tn%20of%20financial%20transactions%20every%20day.%0A%0AThe%20Fed%20issued%20a%20statement%20on%20the%20trouble%20affecting%20its%20payments%20systems%20on%20Wednesday%20afternoon%2C%20attributing%20it%20to%20a%20mistake%20without%20offering%20further%20explanation.%20%u201CA%20Federal%20Reserve%20operational%20error%20has%20resulted%20in%20disruption%20of%20service%20in%20several%20business%20lines.%20We%20are%20restoring%20services%20and%20are%20communicating%20with%20all%20Federal%20Reserve%20Financial%20Services%20customers%20about%20the%20status%20of%20operations.%u201D