By Michael Maharrey

The Federal Reserve booked $19.9 billion in operating losses in the third quarter.

Keep in mind that Fed losses ultimately become your losses. The taxpayer is on the hook for the central bank's shortcomings.

Fed losses in the last quarter were 35 percent lower than in Q3 2023, but up from just over $16 billion in Q2.

The Fed has been bleeding red ink since Q4 2022, with total losses amounting to over $200 billion.