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The New York Sun
Economy

Solvency of the Federal Reserve Plummets — at Least Technically — as It Oversees Other Banks, a New Report Warns

Capital base is now leveraged by more than 800 to one, 40 times what’s expected of a commercial bank, Grant’s newsletter reports.

AP/Manuel Balce Ceneta
The Federal Reserve chairman, Jerome Powell, at the Capitol. AP/Manuel Balce Ceneta