2011年1月11日星期二

U.S. Federal Reserve will pay 78.4 billion profit of the Ministry of Finance

The Fed on Jan. 10 announced it will pay the U.S. Treasury a profit of about $ 78,400,000,000, which is the highest since the Fed was established, and well above the 2009 record of 47.4 billion U.S. dollars in the historical record.

 Since the financial crisis, in order to rescue financial markets and save the U.S. economy, the Fed bought a total of 1.4 trillion dollars of mortgage securities and debt, and $ 300,000,000,000 debt. Last November, the Federal Reserve once again issued bonds to buy 600 billion U.S. dollars plan, hoping to drive down mortgage and other loan interest rates, stimulate the stock market upward.

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