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Federal Reserve Reports Decline in Operating and Unrealized Losses

The Federal Reserve announced a decline in its operating losses to $19 billion and unrealized losses to $844 billion in 2025, attributed to the effects of quantitative tightening and lower interest rates.

26 Mar, 00:38 — 26 Mar, 00:38
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wolf-streetMixed1h ago

Fed’s Operating Losses Declined to $19 Billion in 2025, “Unrealized Losses” Declined to $844 Billion

QE hangover a little less atrocious after years of QT and lower interest rates.

By Wolf Richter

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