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.
Biden just cancelled more student debt as he ignores the USSC decision that he went beyond his authority to do so.
The Dems / Socialists are child-like in their inability to understand responsibility.
