Treasury Secretary Bessent pushes to expand the Fed's $60B FIMA repo facility for foreign central banks, with implications for dollar liquidity

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…

Treasury Secretary Scott Bessent pushes to expand the Fed's FIMA repo facility, letting Japan defend the yen without dumping US Treasuries on the