[Chad C. Mulligan]

Nope. The Federal Reserve operates like a normal bank that's in the business of making money.

Not quite. I wasn't wrong. The Fed returns a large portion of it's PROFIT back to the Treasury. Until 2023, anyway.....thanks to the Bidenflation fiscal policies.

https://www.reuters.com/business/fed-may-need-four-years-recoup-income-loss-st-louis-fed-study-says-2023-11-27/

[Right_Wing_Madman]

The Fed returns a large portion of it's PROFIT back to the Treasury.

According to the article you sent, the Fed sends all its profits to the Treasury:

"Whatever the Fed earns beyond its operating expenses is then returned to the Treasury Department."

But the Fed does not give the Treasury interest-free loans:

"The red ink further mounted as the funds rate, now at between 5.25% and 5.5%"