Fed earns $116bn on QE assets in 2014


The Federal Reserve earned an estimated $115.9 billion in interest on assets purchased through its monetary easing programme in 2014, according to unaudited data published by the US central bank on Friday.

That is a 30% increase on the previous year, despite the decision by the Federal Open Market Committee (FOMC) to wind down its monthly asset purchase programme in October.

The Fed earned $90.4 billion in interest on open market purchases in 2013. The FOMC gradually cut the amount of asset purc

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