interest income Archive

Dudley on interest income channel

From a friend: At the conference on Friday, NY Fed President Dudley presented a chart that showed the long-term impact on the budget deficit of lower Fed remittances of interest income over time (his point was that it would lead to a larger deficit and the Treasury should not assume recent levels ...Read More

drag from the declining interest income worth about 100 bps of personal income growth

From today’s Personal Income report: The drag from the declining interest income is worth over 100 bps of personal income growth on an annualized basis in Q3 2010. (And interest income could get revised down later as well.) ...Read More