The Fed used to be profitable and send billions of $$$ per year to the US Treasury to help pay for the budget.
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The Fed used to be profitable and send billions of $$$ per year to the US Treasury to help pay for the budget.

The Fed used to be profitable and send billions of $$$ per year to the US Treasury to help pay for the budget. Because of reverse repos and interest on reserves‚ now the Fed pays commercial banks $700 million PER DAY to keep the system from falling apart. It will be a long time… https://t.co/yIaCpJxxIb […]