Fed Posts Largest-Ever Annual Operating Loss.....$114.3 billion last year!

[1srelluc]

he Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever, a consequence of its campaign to aggressively support the economy in 2020 and 2021, then jacking up interest rates to combat high inflation.

The losses added to already large federal deficits that have required bigger auctions of Treasury debt. The central bank’s losses could continue for as long as short-term interest rates remain near current levels. That has the potential to fuel new political attacks on the Fed, though there have been no signs of that so far.

The U.S. central bank announced preliminary, unaudited results of its 2023 financial statements on Friday.

Of course it was announced on a Friday.

LOL....I find that hard to believe.......The entity that makes money out of thin air lost money?

Generally Accepted Accounting Principles would call this a problem. “Deferred Assets”. Well past time to Audit the Fed.

Waiting to hear from the resident "experts" how this is of no concern.

 

[Libby von H]

Just raise taxes says Biden. we spend you pay

 

[pknopp]

I've been noting it as a concern for years and years.

This isn't simply from the actions of the last couple years.

 

[1srelluc]

I've been noting it as a concern for years and years.

This isn't simply from the actions of the last couple years.

I seem to remember last year was the worst ever too.....Things are not getting better with the fed it seems.

 

[pknopp]

I seem to remember last year was the worst ever too.....Things are not getting better with the fed it seems.

Of course not. We are a greedy lot.

 

[CrusaderFrank]

he Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever, a consequence of its campaign to aggressively support the economy in 2020 and 2021, then jacking up interest rates to combat high inflation.

The losses added to already large federal deficits that have required bigger auctions of Treasury debt. The central bank’s losses could continue for as long as short-term interest rates remain near current levels. That has the potential to fuel new political attacks on the Fed, though there have been no signs of that so far.

The U.S. central bank announced preliminary, unaudited results of its 2023 financial statements on Friday.

Of course it was announced on a Friday.

LOL....I find that hard to believe.......The entity that makes money out of thin air lost money?

Generally Accepted Accounting Principles would call this a problem. “Deferred Assets”. Well past time to Audit the Fed.

Waiting to hear from the resident "experts" how this is of no concern.

End the Fed

 

[Blaster]

All that money spent on social programs is a waste.

 

[Crepitus]

he Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever, a consequence of its campaign to aggressively support the economy in 2020 and 2021, then jacking up interest rates to combat high inflation.

The losses added to already large federal deficits that have required bigger auctions of Treasury debt. The central bank’s losses could continue for as long as short-term interest rates remain near current levels. That has the potential to fuel new political attacks on the Fed, though there have been no signs of that so far.

The U.S. central bank announced preliminary, unaudited results of its 2023 financial statements on Friday.

Of course it was announced on a Friday.

LOL....I find that hard to believe.......The entity that makes money out of thin air lost money?

Generally Accepted Accounting Principles would call this a problem. “Deferred Assets”. Well past time to Audit the Fed.

Waiting to hear from the resident "experts" how this is of no concern.

They've been selling of the QT portfolio and then interest rates went up.

This happens sometimes. They will recoup the losses over the next year or so.

Remember, the Fed isn't a for profit bank.

 

[Crepitus]

End the Fed

That's a terrible idea.

 

[CrusaderFrank]

That's a terrible idea.

Why??

Since the creation of the Fed, the dollar has lost 95+% of its value and the income tax terribly eroded our Freedoms

 

[leftwinger]

I've been noting it as a concern for years and years.

This isn't simply from the actions of the last couple years.

you own it arsejack. You voted for all of it and more with ten million new GOVT dependents you dumb barking walrus.

 

[leftwinger]

Why??

Since the creation of the Fed, the dollar has lost 95+% of its value and the income tax terribly eroded our Freedoms

The GOVT is the biggest Mafia. How much can the confiscate without killing the neighborhood? The cut they take for overhead is astounding. Very little reaches promised targets.

 

[pknopp]

you own it arsejack. You voted for all of it and more with ten million new GOVT dependents you dumb barking walrus.

Internet hissy fits never impress anyone.

 

[leftwinger]

Internet hissy fits never impress anyone.

you know all about unimpressive. You’ve helped to destroy the US GOVT and thus the country as you sit around barking like an animal how great things are.

Things are unfixable now as they have bought off enough swing states (changed the rules) to rig the vote (EC) forever going forward. You wont live to see the complete damage your kind has done.

 

[sparky]

The losses added to already large federal deficits that have required bigger auctions of Treasury debt

all fine and well, as longer as enough buyers appear.....~S~

 

[1srelluc]

They've been selling of the QT portfolio and then interest rates went up.

This happens sometimes. They will recoup the losses over the next year or so.

Remember, the Fed isn't a for profit bank.

It's not a new thing.....The Fed has been shitting the bed the last couple years.

The Fed is violating old dictum, “Nothing Goes to Hell in a Straight Line.”

 

[Crepitus]

It's not a new thing.....The Fed has been shitting the bed the last couple years.

The Fed is violating old dictum, “Nothing Goes to Hell in a Straight Line.”

It is t be expected in the current circumstances. It will be back in the red presently.

THis happens during recovery periods.

 

[1srelluc]

It is t be expected in the current circumstances. It will be back in the red presently.

THis happens during recovery periods.

Well according to the dems there is nothing to recover from.....Bidenomics is lifting all boats.....What a bunch of rubes.

 

[jwoodie]

It will be back in the red presently.

USA?

 

[leftwinger]

It is t be expected in the current circumstances. It will be back in the red presently.

THis happens during recovery periods.

recovery periods? Lol! Translation: GOVT causing man-made crisis to regain power whenever the people have installed a sensible President rather than deep state puppet.