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Senator Rand Paul @SenRandPaul on x 295.2K followers
Created: 2025-07-24 19:01:00 UTC
The Fed’s practice of paying interest on reserves is a massive bailout for big banks.
Hundreds of billions of dollars going to banks to do NOTHING. Per economist Judy Shelton: XX% of that is going to FOREIGN banks.
These banks aren’t lending to families or small businesses because the Fed will provide them with risk-free money.
If Congress ended this practice, banks would boost our economy through lending those funds out back to families and small businesses.
I am happy to announce that @SenSanders cosponsored my End the Fed’s Big Bank Bailout Act to end these interest payments and put American families first.
XXXXXX engagements
Related Topics money lending federal reserve