CoinScoopWSJ: Federal Reserve Bank Monitoring Database Experienced Over 24-Hour Outage
The Wall Street Journal reported that the Federal Reserve's National Information Center, a database used to monitor banks and provide data to regulators, suffered an outage lasting over 24 hours around August 5. Senator Elizabeth Warren expressed concerns in a letter that the incident highlights potential risks to system maintenance and bank supervision following staff reductions at the Federal Reserve.
Summaries are written by AI from the original article. Not investment advice.