The US Federal Reserve suffered staggering losses in H1 2023

According to CNN, a spokesperson for the U.S. Federal Reserve Board said on September 22 that the Fed will lay off about 300 people by the end of this year, which is the first time the agency has laid off employees since 2010. According to the Fed's financial report, it suffered huge losses on its books, exceeding $57.3 billion in the first half of the year and still expanding. According to its financial statements for the first half of this year, at the end of June, the Fed’s assets were $8.34 trillion.