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flag 2023: Federal Reserve records $114.3bn loss due to interest rate management expenses, up from $58.8bn net income in 2022.

flag The Federal Reserve reported a record $114.3bn loss in 2023, caused by expenses related to managing interest rates. flag This came after a $58.8bn net income in 2022. flag The central bank's move to increase the federal funds rate led to larger interest expenses. flag The Fed can create money to fund its operations when dealing with operating losses and captures its loss in a deferred asset. flag The deferred asset reached $157.8bn by March 2021.

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