Saturday, June 28, 2025

IORB and the Fed Balance Sheet

Ted Cruz Stumbles on a Source of Monetary Madness
https://www.wsj.com/opinion/ted-cruz-stumbles-on-a-source-of-monetary-madness-b182a59c
The Fed’s paying interest on bank reserves is a far knottier problem than the senator likely realizes.
 
Ted Cruz Has a Weird Idea About the Federal Reserve
https://www.bloomberg.com/opinion/articles/2025-06-27/ted-cruz-and-the-fed-are-not-a-good-mix
Ending interest on bank reserves wouldn’t save money or protect taxpayers, but it would make the central bank’s job much harder.