Steven Avery
Administrator
The Kobeissi Letter (@KobeissiLetter) on X
BREAKING: The Federal Reserve reported an operating loss of -$18.7 billion in 2025, marking its 3rd consecutive annual loss. This brings the total 3-year loss to -$210.3 billion after the -$77.6 billion recorded in 2024 and -$114.0 billion in 2023. The losses are primarily