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Fed officials: Don't worry if we lose money

The Federal Reserve's massive annual profit, which it turns over to the Treasury, is likely to dwindle and may even disappear entirely in a few years.

But that's okay, Fed officials say.

After years of record profits, the Fed is likely to be saddled with losses starting in 2017 or 2018, economists predict in a paper that was presented Friday at the U.S. Monetary Policy Forum, a New York conference organized by the University of Chicago Booth School of Business.