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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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channelnewsasia.com
Bessent ready to repeat joint yen intervention, urges bigger Fed backstop
Aug 2 : U.S. Treasury Secretary Scott Bessent said on Sunday he will not hesitate to repeat a U.S. and Japanese coordinated foreign exchange intervention that countered disorderly…
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cryptobriefing.com
Scott Bessent champions Federal Reserve facility to support yen, and it's really about protecting US bonds
Treasury Secretary Scott Bessent pushes to expand the Fed's FIMA repo facility, letting Japan defend the yen without dumping US Treasuries on the
