Project 2025 Tracker / What’s done, what’s next

24. Federal Reserve · Notable

Stop paying interest on excess reserves

Not started

“Stop paying interest on excess reserves. … The Federal Reserve should immediately end this practice and either sell off its balance sheet or simply stop paying interest so that banks instead lend the money.”

What has happened

  1. Not started

    No action found yet. This entry is the starting point, not a finding.

Action
eliminate
Object
Interest on excess reserves (IOER)
ID
2015