Divine Intelligence, etc cover image

sr20221103_MoneyHQ

Divine Intelligence, etc

00:00

The Fed Account, Is It a Loss?

The Fed accounts for negative income. So where's this loss coming from? Here you go. By paying interest to a mix of banks, money funds and others, the Fed keeps the federal funds rate in its desired range. As part of its current regime, the Fed is now paying 3.05% rate on over $2 trillion in money funds that have been pouring daily into the Fed's reverse repo facility.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app