The Federal Reserve's Secret Payouts to U.S. Banks: How High Interest Rates Have Quietly Enriched Financial Institutions Geopolitics Report Vol 1 Issue 10
The Federal Reserve’s policy of paying banks interest on reserves has resulted in an unprecedented windfall for U.S. banks, with over $1.1 trillion in excess profits flowing to financial institutions between 2021 and 2023.
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2024-10-12
- DOI
- https://doi.org/10.5281/zenodo.13924477
- Primary Topic
- Banking stability, regulation, efficiency
- Type
- article
- Field-Weighted Citation Impact
- 0.00