Federal Reserve’s latest masterpiece: a record $114 billion loss. And there’s still a trillion-plus in ‘unrealized’ losses waiting in the wings.

Fed reports its largest loss in history: $114 billion in a single year.

That would be the third largest bankruptcy in American history. And there's still another trillion plus in "unrealized" losses.

Who'll pay for it? You. And your children. pic.twitter.com/xKfKWDcG4K

— Peter St Onge, Ph.D. (@profstonge) January 16, 2024

U.S. Banks are facing unrealized losses of roughly $685 billion. They are desperately hoping the Federal Reserve will cut rates sooner rather than later. pic.twitter.com/YsGjNqpCtm

— Barchart (@Barchart) January 16, 2024