Paul Kupiec on Problems with the Fed’s Balance Sheet and Calls to End Interest on Reserves
Macro Musings with David Beckworth
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The Federal Reserve's Financial Labyrinth
This chapter examines the intricacies of the Federal Reserve's balance sheet and its evolution since the 2008 financial crisis. It highlights the substantial losses faced by regional Federal Reserve banks, revealing a $232 billion insolvency while noting some banks still operate profitably. Additionally, the discussion touches on the legal implications of gold ownership and the valuation of gold certificates, shedding light on the Fed's financial landscape and taxpayer obligations.
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