Coming Soon to an Economy Near You: Personal Checking Accounts at Your Central Bank

The June FOMC minutes were released on Tusday. One interesting development we learned from it is that some FOMC members are becoming concerned that the Fed may be slowly taking on more and more financial intermediation activities that traditionally have been provided by banks. In the limit, this would amount to a nationalization of banking. […] View the full post at: Coming Soon to an Economy Near You: Personal Checking Accounts at Your Central Bank Related posts: Bernanke Warns Congress Not to Limit the Central Bank’s Independence Expectations for Central Bank Rate Cuts Top Tier U.S. Firms Relinquish Investment Bank Status