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TIP488: Current Market Conditions W/ Richard Duncan
We Study Billionaires - The Investor’s Podcast Network
Is IOER at the Interest on Excess Reserves?
The Fed has to pay interest on $3 trillion of bank reserves. Money market mutual funds have about $2.2 trillion at the Fed. That's something like $5.2 trillion that the Fed is now paying interest on. The government debt going forward for the next couple of years will probably be higher as a result of the Fed's losses.
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