Federal Reserve ran worst annual operating loss ever of $114.3 billion: report

[rangerrebew]

AMERICAN NEWS Jan 13, 2024
Federal Reserve ran worst annual operating loss ever of $114.3 billion: report
The deficit was caused by the bank increasing interest rates to combat skyrocketing inflation.
 
Sara Higdon
Jan 13, 2024
 
On Friday, the Federal Reserve announced the preliminary results of its 2023 financial statements, which revealed the central bank ran an operating loss of $114.3 billion. The largest it has ever posted.

According to The Wall Street Journal, the massive deficit was caused by the bank jacking up interest rates to combat skyrocketing inflation and could continue as long as the short-term interest rates remain at the same levels.

The increase in interest rates caused the Fed to pay more out on interest-bearing deposits to financial institutions than it brought in on securities it purchased at lower rates trying to help the economy during the COVID-19 pandemic.

https://thepostmillennial.com/federal-reserve-ran-worst-annual-operating-loss-ever-seen-report

[rangerrebew]

The deficit was caused by the bank increasing interest rates to combat skyrocketing inflation.
 

Lies, lies, lies!  Biden himself has bragged about the glorious effects of Bidenomics.  He has even berated the media for not covering the remarkable economy the correct way.

[DB]

The banana republic is in full swing now.

Not rules or laws. Money comes from nowhere.

[catfish1957]

The banana republic is in full swing now.

Not rules or laws. Money comes from nowhere.

What did you think of the SEC this week, essentially blessing Crypto via ETF's?  At least Dutch Tulips in the 1600's  made a pretty flower.

[christian]

and yet people fought so damn hard for Biden because he was promised to do better than anything Trump could or would do.  Of course the lock-stepping amnesiacs do have memories of convenience!
 

[LMAO]

and yet people fought so damn hard for Biden because he was promised to do better than anything Trump could or would do.  Of course the lock-stepping amnesiacs do have memories of convenience!
 

This what your boy helped do. Keep in mind nobody here  voted for Biden.

https://www.crfb.org/blogs/how-much-did-president-trump-add-debt

Legislation/Executive Action   Ten-Year Cost/Savings (-)
COVID Relief Laws & Executive Orders   $3.6 trillion
CARES Act   $1.9 trillion
Response & Relief Act   $985 billion
Other COVID Relief   $755 billion
    
Tax and Spending Laws   $4.8 trillion
Tax Cuts and Jobs Act   $1.9 trillion
Bipartisan Budget Act of 2018   $420 billion
Bipartisan Budget Act of 2019   $1.7 trillion
Further Consolidated Appropriations Act of 2020   $500 billion
Other Legislative Actions   $350 billion
    
Executive Actions   $10 billion
Tariffs   -$445 billion
Affordable Care Act Cost-Sharing Reductions Termination   $250 billion
Prescription Drug Rebate Rule   $205 billion
    
Total   $8.4 trillion
Total Excluding COVID Relief   $4.8 trillion

[GtHawk]

This what your boy helped do. Keep in mind nobody here  voted for Biden.

https://www.crfb.org/blogs/how-much-did-president-trump-add-debt

Legislation/Executive Action   Ten-Year Cost/Savings (-)
COVID Relief Laws & Executive Orders   $3.6 trillion
CARES Act   $1.9 trillion
Response & Relief Act   $985 billion
Other COVID Relief   $755 billion
    
Tax and Spending Laws   $4.8 trillion
Tax Cuts and Jobs Act   $1.9 trillion
Bipartisan Budget Act of 2018   $420 billion
Bipartisan Budget Act of 2019   $1.7 trillion
Further Consolidated Appropriations Act of 2020   $500 billion
Other Legislative Actions   $350 billion
    
Executive Actions   $10 billion
Tariffs   -$445 billion
Affordable Care Act Cost-Sharing Reductions Termination   $250 billion
Prescription Drug Rebate Rule   $205 billion
    
Total   $8.4 trillion
Total Excluding COVID Relief   $4.8 trillion

Don’t waste your time, that boy lives in one of Trump’s multiverses where everthing is tinted orange and divorced from reality.

[LMAO]

Don’t waste your time, that boy lives in one of Trump’s multiverses where everthing is tinted orange and divorced from reality.

He still has the best posts, though

[mountaineer]

Daniel Turner
@DanielTurnerPTF
The Federal Reserve is meeting at Jackson Hole this week.
Why?
They have a beautiful offices in DC. The members all live nearby.
Why are 100+ people flying to an exclusive resort paying $500 a night for hotels? 2 reasons:
  1- it’s not their money
  2- there is no climate crisis
8:33 AM · Aug 20, 2024

[Free Vulcan]

Basically they've been loading their balance sheets with FedGov debt trying, apparently unsuccessfully, to suck up supply to blunt interest rates.

That level of loss on just interest rate spread indicates they are completely bloated with govt debt.

[GrouchoTex]

Daniel Turner
@DanielTurnerPTF
The Federal Reserve is meeting at Jackson Hole this week.
Why?
They have a beautiful offices in DC. The members all live nearby.
Why are 100+ people flying to an exclusive resort paying $500 a night for hotels? 2 reasons:
  1- it’s not their money
  2- there is no climate crisis
8:33 AM · Aug 20, 2024

No doubt.