The Federal Reserve’s ‘Interest On Reserves’ Doesn’t Contain Inflation

John Tamny, Contributor, John Tamny, Contributor https://www.forbes.com/sites/johntamny/ • August 17, 2025

Economists are most effective at being irrelevant.

WASHINGTON, DC - DECEMBER 13: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. The … [+3768 chars]

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The Federal Reserve’s ‘Interest On Reserves’ Doesn’t Contain Inflation

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