Samuel Baynes |
Samuel Baynes, CRC® Principal | CCO Executive Leadership How much will the Federal Reserve pay banks not to lend money? At a 4% Fed rate the government will be paying banks over $200 billion a year for Interest On Reserve Balances! https://fred.stlouisfed.org/series/IORB Wait till the politicians see that bill. For a full explanation see https://www.federalreserve.gov/monetarypolicy/iorb-faqs.htm Here’s the deal, the Fed rate is the target rate that the Fed wants banks to charge to lend money...