Mises Wire
Author:
Alex J. Pollock
Online Publish Date:
The Federal Reserve has officially reported a loss of $57 billion for the first six months of 2023. Quite a number! So the “ Federal Reserve Banks Combined Quarterly Financial Report as of June 30, 2023 ” (CQFR)—a little-known document—is especially notable for its red ink. We can anticipate an annual loss of over $100 billion for 2023 and for the