Paul Volcker: Don't Understand Why U.S. Pays Banks To Park Money

By Pedro Nicolaci da Costa
WASHINGTON, Sept 20 (Reuters) - The Federal Reserve's policy of paying banks interest on money parked at the U.S. central bank is at odds with its latest efforts to stimulate economic growth, former Fed Chairman Paul Volcker said.
The Fed last week announced a new open-ended bond-buying

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