Ted Cruz Questions Federal Reserve's Interest Payments to Banks
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Ted Cruz Questions Federal Reserve's Interest Payments to Banks
Senator Ted Cruz, R-Texas, criticized the Federal Reserve’s practice of paying interest to banks on their reserves during a CNBC interview Thursday, arguing the policy represents a departure from nearly a century of central banking tradition. “For nearly 100 years, until the financial crisis, the Fed paid no interest on reserves,” Cruz said during the […]
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