According to Golden Finance, on March 21 local time, the 2024 financial statement audit results released by the Federal Reserve showed that the Federal Reserve's operating loss in 2024 was as high as US$77.6 billion (approximately RMB 560 billion), a large loss for the second consecutive year, with a loss of US$114.5 billion in 2023. Analysts said that the main reason for the Fed's huge losses is that it strongly supports the economy during the epidemic in 2020 and 2021, and hikes in 2022 and 2023 to deal with high inflation, increasing the benchmark interest rate from near zero to the range of 5.25%-5.5%. The Fed's revenue comes from services provided to banks and interest on its bonds. According to the law, the Federal Reserve must turn its profits to the U.S. Treasury Department. According to research by the Federal Reserve Bank of St. Louis, the Federal Reserve paid nearly $1 trillion to the U.S. Treasury from 2011 to 2021. But Fed officials stressed that this indicator reflects book losses and will not affect its ability to implement monetary policy.