If cutting IOER was as much of an easing move as the Fed believes, banks should be delighted – after all, according to the Fed's guidelines it would mean that the return on their investments (recall that all US banks slowly but surely became ….. If you think Joe the Plumber is upset at being laid off or having 2 jobs + his trade practice now, try explaining to him that 1% of his savings will be confiscated each month going forward. ….
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Banks Warn Fed They May Have To Start Charging Depositors …
Banks Warn Fed They May Have To Start Charging Depositors ...
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