Birdwatch Archive

Birdwatch Note

2023-04-06 15:45:31 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The Fed already does trillions in bank transfers daily w/ FedWire. This new system, FedNow, has been in the works since 2019, and removes the current restrictions of 7pm the prior day to 9pm current day Mon-Fri transfers, making them instant. This is not a digital currency https://www.investopedia.com/terms/f/fedwire.asp https://www.frbservices.org/financial-services/fednow/about.html

Written by 849268343EAAD75E580E8C7D7B6804DCF3FFCCD74B784F7CDA8F5DF0874A639D
Participant Details

All Information

• ID - 1644003408121155585
• noteId - 1644003408121155585
• participantId -
• noteAuthorParticipantId - 849268343EAAD75E580E8C7D7B6804DCF3FFCCD74B784F7CDA8F5DF0874A639D Participant Details
• createdAtMillis - 1680795931259
• tweetId - 1643990997221904390
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
• believable -
• harmful -
• validationDifficulty -
• misleadingOther - 0
• misleadingFactualError - 0
• misleadingManipulatedMedia - 0
• misleadingOutdatedInformation - 0
• misleadingMissingImportantContext - 1
• misleadingUnverifiedClaimAsFact - 0
• misleadingSatire - 0
• notMisleadingOther - 0
• notMisleadingFactuallyCorrect - 0
• notMisleadingOutdatedButNotWhenWritten - 0
• notMisleadingClearlySatire - 0
• notMisleadingPersonalOpinion - 0
• trustworthySources - 1
• summary
• The Fed already does trillions in bank transfers daily w/ FedWire. This new system, FedNow, has been in the works since 2019, and removes the current restrictions of 7pm the prior day to 9pm current day Mon-Fri transfers, making them instant. This is not a digital currency https://www.investopedia.com/terms/f/fedwire.asp https://www.frbservices.org/financial-services/fednow/about.html