They've done that several times. And by the way, I don't have insight into their balance sheet, but I think they probably made a lot of money on their bond trading. That The Fed was losing $100 billion a year because they purchased so much. at such terrible prices that those regulatory changes. Are those something that the treasury can do through your own rulemaking or Fed rulemaking or do you have to go to Congress? (14:50–14:57)
CLAIM
Asserts that the Federal Reserve was losing $100 billion annually due to large purchases.
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