Tag Archives: Office of Financial Research

Federal Reserve pays government $88.9 billion . . . are we supposed to be grateful? . . . ~J

by MARTIN CRUTSINGER | Associated Press  WASHINGTON (AP) — The Federal Reserve paid the federal government a record $88.9 billion in 2012.The central bank earned the money from the Treasury bonds and mortgage-backed securities it has purchased to drive interest rates lower and boost the economy. The Fed said Thursday that … Continue reading

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