The Fed reported that 2024 net losses were $ 77.5 billion

By Michael S. Derby

(Reuters) – The federal reserve has declined on Friday in relation to 2023 last year.

The US Central Bank has reached $ 77.5 billion in the previous year, the total distribution of comprehensive net loss last year has reached $ 77.5 billion. The Fed earned the last 2022.

The casualties of the Central Bank for 2024 are the last checked number, and the first appearance of the Central Bank’s financial situation in the first place to broadcast the initial number of the year in the early year.

The fed’s loss is first managed in efforts to bring high-level inflation. The Central Bank is self-financing, making money from the owner’s securities and submits to the financial sector. Law, Fed’s hands were made in the US Treasury and these amounts were very large in recent years.

However, the landscape began to change in 2022. In decades, inflation faced the highest level of inflation and aggressively increased the nutritional rate of 5.25% -5.50% by July 2023.

The Fed pays banks, money market funds and other compatible firms as part of technical operations to manage the interest rate target. His interest expenses have increased and increased the income, caused paper losses that said central bankers did not affect the ability to manage and hold monetary policy.

(Michael S. Derby’s report; regulation by Paul Simao)