The Federal Reserve said on Wednesday that an “operational error” had disrupted services in several of its trades, including the electronic settlement system used by banks, businesses and government agencies.
“An operational error by the Federal Reserve resulted in service disruption in several lines of business. We are restoring services and communicating with all Federal Reserve Financial Services clients regarding the status of operations, ”said Jim Strader, spokesperson for the Richmond Fed Reserve Bank, in a statement sent. by e-mail.
In addition to setting monetary policy, one of the Fed’s lesser-known roles is to act as …
Read Additional From Source
Copyright @ www.wsj.com
News Highlights Business
- Headline: Federal Reserve reports several industries disrupted by ‘operational error’
- Check all news and articles from the Business news updates.