The total interest expense of the Federal Reserve (Fed) increased drastically from 5.75 billion U.S. dollars in 2021 to 102.38 billion U.S. dollars in 2022, and this trend continued in 2023, when the Fed's interest expense exceeded 281 billion U.S. dollars. This was by far the highest interest expense reported during the observed period. As the Federal Reserve pays interest on the reserves banks keep at them, the interest expense of the Federal Reserve rocketed due to the sharply increasing interest rates in 2023.
Total interest expense of the Federal Reserve from 2013 to 2023
(in billion U.S. dollars)
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Federal Reserve. (March 25, 2024). Total interest expense of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/
Federal Reserve. "Total interest expense of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars)." Chart. March 25, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/
Federal Reserve. (2024). Total interest expense of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/
Federal Reserve. "Total Interest Expense of The Federal Reserve from 2013 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Mar 2024, https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/
Federal Reserve, Total interest expense of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/ (last visited October 30, 2024)
Total interest expense of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars) [Graph], Federal Reserve, March 25, 2024. [Online]. Available: https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/
