Posts Tagged ‘Interest on reserves’

Ep. 10 This One Simple Fed Trick Earns the Bankers Billions

Bob flies solo to explain what he means when he tells crowds, “Back in the fall of 2008, as the financial crisis hit, the Fed began paying banks to not make loans to their customers.” Specifically, Bob explains the new Fed procedure of “paying interest on reserve balances.” As of the Fed’s December 2018 meeting,…