Fed likely to keep raising rates

Re:Fed likely to keep raising rates by taysic on Friday October 12, 2018 @12:45AM (#18199273)

So are you saying that if the Fed prints $x money, it gets back $x money + interest. It is using the interest to pay back the $x money... and then in theory it erases it from its balance sheet. What does it do with the excess money it collects?

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Re:Fed likely to keep raising rates by ceejayoz on Friday October 12, 2018 @09:35AM (#18201290)

The excess goes to the Treasury. https://www.nytimes.com/2018/01/10/business/fed-profits-trea...

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