Fed Data Suggests Central Bank Has Stopped Losing Money

The Federal Reserve appears to have finally turned the corner on a three-year-long string of unprecedented loss-making tied to how it has implemented monetary policy in the wake of the COVID-19 pandemic.

Over recent weeks, data released by the central bank shows that since the start of November the Fed has started to make enough money again to very slowly start covering an accounting mechanism it uses to capture its losses.

Since November 5, the size of the Fed’s so-called deferred asset has gotten smaller, moving...

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