Economic TimesLean R·
US Treasury Secretary Scott Bessent suggests Federal Reserve could consider raising FIMA liquidity facility
US Treasury Secretary Scott Bessent suggested increasing a key emergency liquidity facility. This facility helps stabilize the Japanese yen amid market volatility. Global bond markets have significantly expanded since the mechanism was created. The FIMA repo facility allows foreign central banks to exchange Treasuries for dollars. This tool protects the US economy from overseas financial market stress.
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