Fed Pays US Treasury $86.9 Billion, Largest Sum in 4 Years

Summary:
Story from LAST year…. Not seeing any stories this year about the same thing… hmmmmm… 🤔The Fed said that its earnings were up .1 billion last year, a gain that reflected falling interest rates which meant the central bank paid commercial banks less in interest payments on bank reserves that the Fed requires them to keep.Gee I wonder how much the Fed will have to pay commercial banks and the others this year under  an increasing rate policy? 🤔…   that monetarist Bullard guy there wants them to be paying 3% by year end…  hope they can afford it…Fed Pays US Treasury .9 Billion, Largest Sum in 4 Years https://t.co/odWzFTsR8w pic.twitter.com/GwbH5l7OjR— NBC Chicago (@nbcchicago) March 22, 2021

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