On March 21 local time, the audit results of the Federal Reserve's 2024 financial statements revealed an operational loss of 77.6 billion USD (approximately 560 billion yuan) for 2024, marking a significant loss for the second consecutive year, with a loss of 114.5 billion USD in 2023. Analysts attribute the enormous losses faced by the Federal Reserve primarily to its substantial economic support during the pandemic in 2020 and 2021, as well as the sharp interest rate hikes implemented in 2022 and 2023 to combat high inflation, raising the benchmark interest rate from near zero to a Range of 5.25%–5.5%. The Federal Reserve's income comes from services provided to Banks and the interest on its Hold Bonds. According to legal regulations, the Federal Reserve must remit its profits to the USA Treasury. Research from the St. Louis Federal Reserve Bank indicates that the Federal Reserve remitted nearly 1 trillion USD to the USA Treasury from 2011 to 2021. However, Federal Reserve officials emphasize that this Indicator reflects paper losses and will not affect its ability to implement monetary policy.