The Federal Reserve is 2-20 years behind the Bank of England.
— John Paul Koning (@jp_koning) August 11, 2020
Inflation targeting officially introduced
Bank of England: 1992
Fed: 2012
Instant 24/7 retail payments
BoE: 2008
Fed: 2024
Pay interest on reserves
BoE: 2006
Fed: 2008
Non-bank direct access
BoE: 2018
Fed: ?
via Twitter https://twitter.com/jp_koning
August 11, 2020 at 07:37PM
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