European central bankers left the Jackson Hole symposium concerned that recent US Treasury interventions could strain long-standing norms of global financial cooperation. Unannounced yen intervention, Treasury bond buybacks and uncertainty over Fed dollar swap lines have raised concerns about Washington’s growing role in global financial markets.
European central bankers left the Jackson Hole symposium concerned that recent US Treasury interventions could strain long-standing norms of global financial cooperation. Unannounced yen intervention, Treasury bond buybacks and uncertainty over Fed dollar swap lines have raised concerns about Washington’s growing role in global financial markets.
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