Fed’s 2025 Losses Narrow to $19.6 Billion as Balance-Sheet Effects Persist
The Federal Reserve reported a total comprehensive loss of $19.6 billion for 2025 in its audited financial statement, a marked improvement from the $77.5 billion loss in 2024 and the $114.6 billion loss in 2023. The central bank’s losses continue to reflect the consequences of an enlarged balance sheet built through large Treasury and mortgage bond…