Breakingviews | Fed profits

Considered view

12 Jan 2010 21:11

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The U.S. central bank's profit increased 47 pct in 2009, as it held more assets and benefited from big spreads between short and long-term rates. Financially, the Fed is incentivized to sell assets before raising rates, to delay rate rises, and to keep Fannie and Freddie alive.

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