Today news
About the same in other media
Derby’s Take: Aggressive Rate Increase Path Could Threaten Fed Profits, Report Warns
Reading now: 152
A top economist at J.P. Morgan says keeping the Federal Reserve’s books in the black could motivate the central bank to start an earlier and faster runoff of its balance sheet.
Michael Feroli in a note to J.P. Morgan clients on Tuesday wrote that the status of Fed profits is politically fraught, because of the money the central bank makes for the federal government. As a self-funded government agency, the Fed collects interest on bonds it owns—it buys securities with money it creates out of thin air—and charges fees for services...
Read more on wsj.comAbout this in other media
Digital Dollar's Benefits Could Affect Financial Stability & Privacy: US Fed blockchain.news /2 years ago
Chinese yuan could come under more pressure after surprise rate cut cnbc.com /2 years ago
Fed's Harker calls for 'action on inflation,' sees 3 or 4 rate hikes likely this year cnbc.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
