The Federal Reserve reported a record operating loss of $114.3 billion for 2023, which is its largest ever. The loss is attributed to the Fed's aggressive support for the economy in 2020 and 2021, followed by raising interest rates to combat high inflation. This loss is separate from unrealized losses of $1.3 trillion from its securities holdings. The Fed's previous practice of paying profits to the US Treasury has been replaced by significant losses, impacting the federal deficit.
The Fed used to pay it's profits to the US Treasury each year. That was normally in the tens of billions of $$$ and it helped reduce the deficit a bit. But starting in 2022 the Fed began losing money. For all of 2023, the losses were $114 billion. Why? Because the Fed is… https://t.co/FWz3nTmbUf
Fed reports its largest loss in history: $114 billion in a single year. That would be the third largest bankruptcy in American history. And there's still another trillion plus in "unrealized" losses. Who'll pay for it? You. And your children. https://t.co/xKfKWDcG4K
'The Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever. The losses added to already large federal deficits that have required bigger auctions of Treasury debt.' https://t.co/VjTqB4W4PU https://t.co/1gzSyLRfdG
Federal Reserve ran worst annual operating loss ever of $114.3 billion: report https://t.co/PcInnRVzRF https://t.co/PcInnRVzRF
The Fed is
"The 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." @NickTimiraos https://t.co/0C4Zu94m2Z
The Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever https://t.co/MpFwgfnmi8 via @WSJ
From the @WSJ on the #FederalReserve's "operating loss of $114.3 billion last year, its largest ever." (For those interested in details, here is the link to the #Fed's "preliminary financial information for the Federal Reserve Banks’ income and expenses in 2023:… https://t.co/W7PQu3lsxM
Fed reports operating loss of $114 billion in 2023. https://t.co/I7WIxdri7H @dougkass @KeithMcCullough
Fed Posts Largest-Ever Annual Operating Loss (WSJ) The 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… https://t.co/nwYogQ6YOL
Fed’s aggressive rate-hiking campaign results in record loss of $114B for 2023 https://t.co/6tifd1PSQ8 https://t.co/dcqyBKijRe
Fed Reports Operating Loss of $114 billion for 2023, as Interest Expense Blows Out. On top of whatever unrealized losses (cumulative $1.3 trillion at end of Q3) from its securities holdings. But losses don’t matter to the Fed https://t.co/D7gwmsNv3T https://t.co/SW3wLDNqNS
Fed reports record loss for 2023 amid surge in interest expenses https://t.co/zyXCHqOg14 https://t.co/FtmNmxBXlf