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Yellen grilled on paying interest on excess reserves

Discussion in 'Market News' started by ForexLive, Feb 10, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Cheapshots abound The Fed pays banks interest on overnight deposits in order to raise rates off the floor. Of course, it means the Fed is 'paying' the banks. Of course, the Fed collected $600B from 2008-2015 but now that the money is flowing the other way, Congress is grandstanding.

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