No, the Fed should not stop paying interest on reserves

You might’ve missed it amid all the Congressional budget hoopla,
but Senator Ted Cruz recently floated ending Federal Reserve
interest payments, claiming it would save a trillion dollars over
ten years. The problem? Not only would that plan save zero
taxpayer dollars, it also goes against the Fed’s mandate to keep
prices stable. Also in this episode: Amazon announces AI
-generated video ads, Save the Children U.S. shifts gears amid
USAID cuts, and FEMA puts pressure on local relief organizations.


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