The Federal Reserve (Fed) announced an operational loss of $77.6 billion in 2024. The bank published its audited financial statements for the year 2024, revealing the operational loss amount. This is a decrease compared to the previous year when Fed reported a loss of $114.3 billion in 2023. It is worth noting that the size of Fed’s losses has decreased over this period. In 2022, the Fed had reported a profit of $58.8 billion. The bank’s interest expenses decreased to $226.8 billion last year, down from $281.1 billion in 2023. Interest income also decreased from $174.5 billion in 2023 to $158.8 billion last year. The losses incurred by the Fed were influenced by its decision to raise interest rates in 2022 and 2023 to contain the rising inflation following the impact of the COVID-19 pandemic in 2020 and 2021.