The Fed’s Job Just Got More Complicated
Jay Powell, U.S. Federal Reserve chair nominee (Photographer: T.J. Kirkpatrick/Bloomberg)

The Fed’s Job Just Got More Complicated

(Bloomberg Opinion) -- According to its most recent financial report, the U.S. Federal Reserve is insolvent. That is, its net worth is negative: As of last quarter, the Fed had losses of $66.5 bil...
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