Lawmakers want to know why interest rates on savings accounts aren’t rising as fast as the Federal Reserve’s baseline interest rate range. We’ll also look at GOP resistance to a key priority for Sen. Joe Manchin (D-W.V.) and up to $45 billion in pandemic relief fraud. But first, find out why falling home prices aren’t much help to young Americans. Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan Lane, Aris Folley and Karl Evers-Hillstrom. Subscribe here. Lawmakers slam big bank CEOs over savings rates Congressional lawmakers slammed U.S. bankers this week for not raising interest rates on
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