Fed just transferred 80% of its annual income to the economy!

Summary:
Fed rate hike means it must pay more interest on reserves. That's a fiscal transfer to the economy of nearly bln annually. That means 80% of the Fed's earnings will now flow to the economy. Joke's on the Fed! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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