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

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.