Senate Homeland Security Committee Holds Oversight Hearing on Federal Reserve’s IORB Regime

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...