They're putting a bunch more capital there. Right now, today, the Fed is paying 4.4% to the banks to just park their capital with the fed. So In 2024, last year, the last year, the Biden administration, The Fed paid $168 billion in interest on reserves. That's taxpayer money that went straight to giant Wall street banks. I think that makes no sense. I think we need to end that. So what is it going to be? (17:28–17:41)
CLAIM
Asserts that in 2024, the Federal Reserve paid $168 billion in interest on reserves.
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