Political Quotes

Pat Toomey: It is not at all clear that the Federal Reserve Act permits negative IOER rates.

On the recordFebruary 10, 2016
It is not at all clear that the Federal Reserve Act permits negative IOER rates.
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Toomey questions the legality of negative interest on excess reserves.

Share

More from Pat Toomey

Jul 13, 2022

If an American venture capital firm, for instance, is investing in a Chinese artificial intelligence company that has ties to the Chinese military, a technology transfer that is associated with that deal that included some kind of…

congress.gov
Aug 1, 2022

As I've said before, Government, and especially this Administration, have often been the problem, not the solution, when it comes to housing.

congress.gov
Aug 1, 2022

Affordable housing is growing further and further out of reach for many.

congress.gov

Other voices in this conversation