Competitive Enterprise Institute Senior Economist Young Testifies Before Senate Homeland Security & Governmental Affairs Committee
December 24, 2025
December 24, 2025
WASHINGTON, Dec. 24 -- The Senate Homeland Security and Governmental Affairs Committee released the following written testimony by Ryan Young, a senior economist at the Competitive Enterprise Institute, from a Dec. 11, 2025, hearing entitled "The Fed's Big Bank Welfare Program: Oversight of the Fed's IORB Regime." IORB stands for interest on reserve balances.
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Chair Paul, Ranking Member Peters, and distinguished members of the committee, thank y . . .
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Chair Paul, Ranking Member Peters, and distinguished members of the committee, thank y . . .