Even the Fed is losing money: The Federal Reserve just reported a $19.9 BILLION operating loss in Q3 2024 up from $16.9 billion in Q2 – TKL

Even the Fed is losing money: The Federal Reserve just reported a $19.9 BILLION operating loss in Q3 2024 up from $16.9 billion in Q2 - TKL

This marks the 8th consecutive quarter of operating losses for the central bank.

As a result, cumulative operating losses reached a massive $210 billion over the last 2 years.

This comes as the Fed has been paying hundreds of billions in interest to banks and money market funds.

At the same time, income the Fed has earned on Treasuries and Mortgage-Backed-Securities has declined.

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