The Federal Reserve’s expenses exceeded its earnings in 2023 by $114.3 billion, its largest operating loss ever, forcing the US central bank to forgo remittances to the Treasury as interest rates remain elevated.
  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
    21·
    8 months ago

    Basically, debt payments end up reducing overall operating budget. So, the bigger the payments the less money there’s left for doing anything.