by Pam Martens and Russ Martens, Wall St On Parade:
According to its own FRED data, the last time the central bank of the United States – the Federal Reserve – operated in the green was September 14, 2022, more than two years ago. Since then, it has been consistently losing over $1 billion a week with its cumulative operating losses now topping $204 billion as of the last reporting by the Fed on October 16, 2024.
Operating losses of this magnitude are unprecedented at the of Fed, which was created in 1913.