Wall Street Mav
@WallStreetMav · Sep 29, 2023
The Fed is paying $723 million PER DAY to commercial banks on reverse repos and interest on reserves.
Back a few years ago, the Fed used to be profitable and sent it's profits to the US Treasury. But in recent years, in order to keep everything from collapsing, the Fed has been
E.J. Antoni, Ph.D.@RealEJAntoni· Sep 28, 2023$723 million in daily interest curtesy of the Fed sterilizing $4.9 trillion...
Elon Musk
@elonmusk
!
12:01 PM · September 29, 2023 · 58.1K views
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