Some of the profit has come from interest earned on government bonds and mortgage-related securities - including those of mortgage giants Fannie Mae and Freddie Mac.
The Federal Reserve isn't federal and it doesn't have any reserves. Strange name when you think about it...
Some of the profit has come from interest earned on government bonds and mortgage-related securities - including those of mortgage giants Fannie Mae and Freddie Mac.The Federal Reserve isn't federal and it doesn't have any reserves. Strange name when