Federal Reserve Payments to Banks Trigger Largest Ever Operating Loss

Breitbart ^ | 01/15/2024 | John Carney

[ChicagoConservative27]

The Federal Reserve quietly lost a fortune in 2023 as interest it pays out to banks swamped the interest it earns on its bond portfolio, data released by the central bank Friday showed.

The Fed said it lost roughly $114.3 billion in 2023, its largest-ever annual loss.

The losses occurred because the money the Fed pays banks for reserves held at the central bank exceeded the interest earned on the mortgage bonds it holds. The Fed has been raising the interest rate paid on reserves alongside the hikes on the benchmark federal funds rate to stem the worst inflation in forty years.

[Toddsterpatriot]

I understand that you know so little about the subject that you can't explain it here.

Now, what's the date? When does the switch happen and the Fed disappear?

Unless you're afraid to say when?

[Georgia Girl 2]

Oh, pleeze! Just stop embarrassing yourself. 😆

[Fury]

Unless you're afraid to say when?

Actually, the poster is not unafraid to say when.

And has been wrong every time since at least early 2021. Over and over and over again.

[Toddsterpatriot]

Asking you for a specific date doesn't embarrass me one bit.

Now go away or I shall taunt you a second time.