According to The Kobeissi Letter, the Federal Reserve reported a $77.6 billion operating loss in 2024, which follows a significant $114.3 billion loss in 2023. Since Q4 2022, the cumulative operating losses have amounted to a staggering $224.4 billion. This situation arises as the central bank has disbursed hundreds of billions, impacting its financial stability and potentially influencing monetary policy decisions that could affect trading conditions.