Senate Debates Ending Fed Interest Payments Amid Market Concerns
TL;DR Summary
A proposal by Senator Ted Cruz to eliminate the Federal Reserve's ability to pay interest on banks' reserves could cause significant market disruption and impact monetary policy, as it aims to save over a trillion dollars but faces cautious consideration from other senators.
Topics:business#economy#federal-reserve#interest-payments#market-upheaval#monetary-policy#senator-ted-cruz
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- 'Financial Repression Is Coming,' Warns Lawrence McDonald As Ted Cruz Seeks To End $1.1 Trillion Fed Interest Payment Scheme Benzinga
- Key Senator Opposes Plan to Halt Fed Interest Payments to Banks Mint
- Cruz Sells Trump, GOP on $1.1 Trillion Cut to Fed Bank Payments Bloomberg Law News
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