July 20, 2024

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Federal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals

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Federal Reserve’s Operating Losses Hit 6 Billion, Analysis Reveals
Federal Reserve’s Operating Losses Hit 6 Billion, Analysis RevealsAccording to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $176 billion by June 19, 2024. These losses stem from the Fed paying out higher interest rates on reserve balances—5.4%—primarily benefiting megabanks such […]