The Traderszone Network

Published in TZ Latest News 24 December, 2015 by The TZ Newswire Staff

Federal Reserve will pay banks $12 billion in 2016

In 2016, the Federal Reserve will pay at least $12.2 billion to U.S. and foreign banks to keep the money created via its quantitative easing programs out of the economy. If the Fed raises rates as expected next year, the amount nearly doubles to $23.1 billion.