The Senate Homeland Security and Governmental Affairs Committee holds an oversight hearing at 10 a.m. ET on Dec. 11 to examine the Federal Reserve’s “big bank welfare program,” focusing specifically on the Interest on Reserve Balances (IORB) regime.
Witnesses testifying include Norbert Michel, Ph.D., vice president and director of the Center for Monetary and Financial Alternatives at the Cato Institute; Ryan Young, senior economist at the Competitive Enterprise Institute; Brian Wesbury, chief economist at First Trust Advisors L.P.; and Donald Kohn, Ph.D., senior fellow in Economic Studies at the Brookings Institution.
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LIVE NOW: Senate Homeland Security Committee Holds Oversight Hearing on Federal Reserve’s IORB Regime
