Huge heap of dimes and bills
To stop the losses, Fed aims to restart its securities purchases programme
The Fed agrees with me. In the last post I claimed the “federal government is going to miss the profit transfers to the tune of hundreds of billions of dollars from the Fed for many years.” The Fed’s own projections suggest the U.S. Treasury will miss between US$160 - US$240 billion of expected remittances from the Fed from 2023 to 2026. But the big su…
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