Reported about 22 hours ago
The Federal Reserve announced a smaller operational loss of $77.5 billion for 2024, down from $114.6 billion in 2023, as it continues to combat inflation. This marks the first official report showing its financial state for the full year after a shift in reporting methods. The Fed's financial difficulties are primarily attributed to high interest costs related to its monetary policy aimed at reducing inflation, but the central bank remains self-funding.
Source: YAHOO