The Federal Reserve, America's central bank, had a really bad year financially! They usually make money, but in 2023 they lost a HUGE amount – $114.3 billion! That's more money than most people can even imagine. This is a record loss for them. This happened because of how they manage money for the country.
- The Fed usually makes money from the bonds (like IOUs) it owns.
- This year, they lost a lot of money, which is unusual.
- Some people worry this might cause problems with the government.
| Year | Profit/Loss |
|---|---|
| 2022 | +$58.8 billion |
| 2023 | -$114.3 billion |
