The Financial Times reports:
US Federal Reserve officials fear a backlash from paying billions of dollars to commercial banks when the time comes to raise interest rates.
There's more:
The growth of the Fed’s balance sheet means it could pay $50bn-$75bn a year in interest on bank reserves at the same time as it makes losses and has to stop sending money to the Treasury.
Do you know many bankers that want to get rid of the Fed? What industry wouldn't like a permanent bailout? Here's the case against the Fed by Professor
Murry Rothbard.
