Dossier
Fedwire
Coverage of Fedwire in the Nexus archive.
- Bessent engaged on AI following warnings about Fed payment rails
Treasury Secretary Scott Bessent increased involvement in AI policy after financial institutions warned advanced models could threaten critical infrastructure like the Federal Reserve payment systems. Banks and the Treasury have collaborated with the Fed to develop alternative fund transfer methods, while advanced models like Anthropic’s Mythos intensified concerns about risks to financial stability and national security.