According to an investigative study by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $176 cardinal by June 19, 2024. These losses stem from the Fed paying retired higher involvement rates connected reserve balances—5.4%—primarily benefiting megabanks specified […]