Sens. Warren, Reed seek information from big banks on interest rates

U.S. Sens. Elizabeth Warren (D-MA) and Jack Reed (D-RI) sent inquiries to the largest U.S. banks seeking information on why deposit interest rates were much lower than loan interest rates.© Shutterstock The lawmakers noted that the Federal Reserve began raising the federal funds rate in March of 2022. The banks followed suit by raising rates […] The post Sens. Warren, Reed seek…