Fear The Talking Fed! Fed Loses $114.3 Billion In 2023 (Bank Credit Growth At Just -0.1% YoY)

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As The Federal Reserve continues to support bad Bidenomics policies, they … like millions of Americans … are suffering catestrophic losses.

The #Fed said on Tuesday that it officially saw a net negative income of $114.3 billion in 2023, a record loss tied to expenses related to managing the U.S. central bank’s short-term interest rate target. The loss last year follows $58.8 billion in net income in 2022, the Fed said.

The good news? Bank credit growth is ALMOST back to 0%!

I wonder if KJP or Jared Bernstein will tout almost 0% credit growth as a sign that economists were wrong about Bidenomics?

Published by confoundedinterest17

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