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Articles and analyses from the INET community on the key economic questions of our time.

Article

Accounting for Ourselves: What Fedwire Tells Us About Fed Losses, Cost Recovery, and Risk

Aug 5, 2025

Without transparent accounting practices and proper risk management, the Federal Reserve’s current financial losses—unprecedented in scale—and the questionable accounting practices it uses to downplay their impact threaten public trust, economic stability, and the integrity of fiscal policy.