Fed pays Treasury $86.9B, largest sum in four years

WASHINGTON (AP) — The Federal Reserve earned $88.6 billion in 2020 and paid back to the federal government $86.9 billion, the largest Fed payment to the government in four years. The Fed said Monday that its earnings were up $33.

Federal Reserve sees a declining risk of recession

WASHINGTON (AP) – The Federal Reserve’s policymaking committee saw much less risk of recession at their meeting last month. The committee decided in December to keep interest rates steady after three straight cuts.