Wolf Richter, Released on 1/10/19
Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times.
At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How" data-toggle="tooltip" title="Share on Facebook" rel="nofollow">Share on Facebook
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