Meanwhile, real wage gains for all workers picked up, especially for those in lower paying jobs. Most economic forecasters expected the expansion and its benefits to continue, and with good reason. There was no economy-threatening asset bubble to pop and no unsustainable boom to bust. While nonfinancial business leverage appeared to be elevated, leverage in the household sector was moderate.
Some are based on traditional assets held in transaction accounts, and others depend on new asset forms like digital currencies. The role of the task force process was not to recommend or implement a faster payment solution, but rather to offer a range of ideas to move the United States further along the path to a better payment system.