‘Every day the Fed is paying $800 million in interest to banks and money market funds.’

June 11, 2023 9:16 pm by CWR

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Can we make it a cool billion?
Every day the Fed is paying $800 million in interest to banks and money market funds.

This means that the Fed's net operating loss is now a record $68 billion. pic.twitter.com/DoY7j6cbgD

— zerohedge (@zerohedge) June 11, 2023

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See also Canada's household debt reaches 174.6% of gross income, making it more sensitive to interest rates than the U.S.

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