This in turn will provide consumers the ability to better manage their financial lives by accessing accounts when and where they choose and providing more flexibility to manage money and make time-sensitive payments. To start, the Board has supported changes to existing Federal Reserve services.
Tiff and I are pleased to be here with you today to discuss the October Monetary Policy Report, which the Bank published this morning. •  The global economy has unfolded broadly as the Bank projected in its July MPR. Growth has slowed in all major regions. The economic expansion in the United States is progressing at a gradual pace.