Jeremy Siegel Backs Ted Cruz’s Plan To End Fed Interest Payments On ‘Excess Reserves,’ Potentially Saving $2 Trillion In Deficits: ‘Not A Trivial Concern’

All NewsJune 10, 2025

Jeremy Siegel is supporting Sen. Ted Cruz for abolishing the interest paid by banks on their deposits with the Federal Reserve.

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Jeremy Siegel Backs Ted Cruz’s Plan To End Fed Interest Payments On ‘Excess Reserves,’ Potentially Saving $2 Trillion In Deficits: ‘Not A Trivial Concern’

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