by 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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Story from LAST year…. Not seeing any stories this year about the same thing… hmmmmm… ?
The Fed said that its earnings were up $33.1 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 $86.9 Billion, Largest Sum in 4 Years https://t.co/odWzFTsR8w pic.twitter.com/GwbH5l7OjR
— NBC Chicago (@nbcchicago) March 22, 2021