Federal Reserve Posts Massive $114 Billion Loss in 2023 from plaqueboymax creates tinder account Watch Video

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✓ Published: 27-Mar-2024

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Federal Reserve Posts Massive, $114 Billion , Loss in 2023.<br/>On March 26, the Federal Reserve <br/>announced a record-breaking net <br/>negative income of $114.3 billion in 2023.<br/>Reuters reports that the loss follows <br/>$58.8 billion in net income in 2022. .<br/>Since releasing the numbers, <br/>the Fed has stressed that negative net <br/>income does not impede its ability to operate.<br/>Since releasing the numbers, <br/>the Fed has stressed that negative net <br/>income does not impede its ability to operate.<br/>As a result of low rates and large <br/>levels of bond holdings, the Fed has <br/>earned significant profits in recent years.<br/>Last year, the Fed's audited interest expenses for <br/>banks' reserve balances reached $176.8 billion, <br/>an increase of over $116 billion from 2022.<br/>In 2023, the Fed's interest payouts from <br/>its reverse repo facility were $104.33 billion, <br/>increased from $41.9 billion the year before.<br/>Reuters reports that the Fed creates funds when <br/>dealing with operating losses, capturing its loss<br/>in an accounting device known as a deferred asset.<br/>Reuters reports that the Fed creates funds when <br/>dealing with operating losses, capturing its loss<br/>in an accounting device known as a deferred asset.<br/>At the close of 2023, the deferred <br/>asset stood at $133.3 billion.<br/>As of March 20 of this year, that number <br/>had risen to $157.8 billion with no <br/>indication of how much larger it could get.<br/>Last year, a St. Louis Fed report forecast that it <br/>could take years before the Fed can return to <br/>profitability and reduce the country's deferred asset.<br/>Last year, a St. Louis Fed report forecast that it <br/>could take years before the Fed can return to <br/>profitability and reduce the country's deferred asset