“Let me end my talk by abusing slightly my status as an
official representative of the Federal Reserve. I would like
to say to Milton and Anna: Regarding the Great Depression.
You’re right, we did it. We’re very sorry. But thanks to you,
we won’t do it again.”
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See also Federal Reserve Alert! Federal Reserve Board releases annual audited financial statement: In 2022 the Fed paid $42 billion in interest to counterparties of reverse repos.