Northern Arizona University: Americans Lost Out on $420B in Bank Loans Because of the Federal Reserve, Explosive New Research Says
January 14, 2025
January 14, 2025
FLAGSTAFF, Arizona, Jan. 14 (TNSres) -- Northern Arizona University issued the following news:
In the years after the Great Recession, banks chose to keep some $420 billion in their reserves rather than loan it out to American people and businesses. While many tend to blame the banks themselves for that decision, one Wall Streeter-turned-academic is pointing the finger squarely at the Federal Reserve's decision to pay interest on banks' excess reserves.
Raymon . . .
In the years after the Great Recession, banks chose to keep some $420 billion in their reserves rather than loan it out to American people and businesses. While many tend to blame the banks themselves for that decision, one Wall Streeter-turned-academic is pointing the finger squarely at the Federal Reserve's decision to pay interest on banks' excess reserves.
Raymon . . .