Federal Reserve profits fall as normalisation takes hold

Federal Reserve

The Federal Reserve sent lower remittances to the US Treasury in 2018, as normalisation increased interest expenses and drained income.

The Fed sent about $65.4 billion of its profits to the Treasury, down 18.5% from the previous year, and 44.1% down from the $117 billion paid in 2015, a statement from the Fed revealed.

Last year’s payments included $3.2 billion from the Fed’s capital surplus account, which lawmakers tapped into twice to offset government spending.

Normalisation

The central

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