E.J. Antoni to Newsmax: Stop Paying Banks Not to Lend Moneyhttps://www.newsmax.com/newsmax-tv/ej-antoni-jerome-powell-fed/2025/12/13/id/1238184/Quote:
Heritage Foundation chief economist E.J. Antoni said Saturday on Newsmax that the Federal Reserve should unwind a 2020 policy framework he argued effectively pays banks not to lend,
"We keep talking about why are interest rates so high on the national debt, why are they so high on mortgages, on credit cards, student loans, auto loans, you name it.
"It's because we're all having to compete with the Fed in the loanable funds market," Antoni said.
"In other words, you need to stop the Fed [from] paying back banks money not to lend so that banks will go back to lending that money to us.
"The increased competition from the Fed is a big reason why rates are so high today.
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