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Fed pays federal government largest sum to be received in four years

Fed pays federal government largest sum to be received in four years

On Monday, The Federal Reserve reported that it had earned $88.6 billion in 2020, and it paid the federal government $86.9 billion, which stands to be the largest sum to be paid by the Fed in four years. The Fed’s earnings increased by $33.1 billion last year which reflected a fall in interest rates.

Khwahish
Khwahish
Tamira
Tamira 4 weeks

Why should we care what the guy who runs the organization that has literally doomed our economy thinks about anything? End the fed. I did get a good laugh from this quote though: “They’re more of an asset for speculation. So they’re also not particularly in use as a means of payment. … It’s essentially a substitute for gold rather than for the dollar.” Because gold is known for being highly volatile and less reliable than the dollar 😂

Trevor
Trevor 4 weeks

They mean Fed pays back 86.9 billion it collected from interest on money we printed. But first it payed it's own to non american banking profiteers.

Fareem
Fareem 4 weeks

End the Fed. Today. Immediately.

Viviko
Viviko 4 weeks

It pays them... with money it printing from thin air.

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