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Brookings Proposes Fed Balance-Sheet Cuts to $4.5 Trillion
Kevin Warsh
— Oct 21, 2026
A Brookings proposal says the Fed could cut its balance sheet from $6.8 trillion to about $4.5 trillion and bank reserves from roughly $3 trillion to $1 trillion by replacing its ample-reserves system with an “Elastic Reserves” framework that supplies liquidity on demand and allows banks to hold less cash. The plan, which aligns with Fed Chair Kevin Warsh’s push to shrink the central bank’s footprint, could also reduce interest payments to banks by about two-thirds.
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Marcus Bell
Shrinking reserves to a trillion while still providing liquidity on demand sounds workable and would cut those bank interest costs sharply.
Senator Gets Confronted Over Call For Jerome Powell To ‘Cash In’ On Fed Post. You Won’t Believe His Response
Republican-controlled
— Apr 28, 2026
Republican North Dakota Sen. Kevin Cramer said Tuesday that Americans are “cynical” toward elites who only make a “little bit” of money. Cramer claimed that Federal Reserve Chairman Jerome Powell should “cash in” on his…
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Bipartisan Bill Pushes Use of Paper Currency
John Fetterman
— Jul 21, 2025
Two senators from opposite sides of the aisle have introduced a bill that will allow consumers to spend their cash. Sens. John Fetterman (D-Pa.) and Kevin Cramer (R-N.D.) have joined forces to introduce a bill that…
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