On balance, after carefully weighing important considerations on both sides, we have concluded it is our responsibility to take action in support of a real-time payment infrastructure accessible to all. While we will work hard to stand up the FedNow Service in a timely manner, our most important goal is to achieve nationwide access for all, reflecting our public mission.
To an increasing degree, forecasts are accompanied with measures of uncertainty, such as the “fan charts” published by the Bank of England to describe the range of statistically probable outcomes.