The Fed's power to pay banks interest, granted by Congress, took effect in 2008 as the financial crisis dawned. It quickly gained prominence as part of a large-scale overhaul of the monetary ...

NEW YORK, June 12 (Reuters) - A Republican senator’s plan to take away the Federal Reserve’s power to pay banks interest on cash they park on central bank books could cause chaos for monetary ...

Submitted by admin on Thu, 2025-06-12 21:22 Section: Daily Dispatches ...