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FedNow unlikely to match RTP profits, George Selgin argues

FedNow unlikely to match RTP profits, George Selgin argues
FedNow viewed as unprofitable venture

George Selgin draws attention to the competition between FedNow, the U.S. Federal Reserve's real-time payments service, and RTP, its privately operated counterpart.

He notes that FedNow was launched despite no official expectation of profitability, suggesting it is unlikely the service will be discontinued due to institutional inertia within government agencies.

Selgin has previously commented on economic metrics, stating that GDP is one of many indicators of well-being. In an earlier analysis, he noted that the Depression's lowest point aligned with the banking crisis before recovery began. His commentary often addresses foundational issues in financial infrastructure and measurement.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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