Federal Reserve opens up seventh liquidity facility, to supply US dollars abroad

Federal Reserve opens up seventh liquidity facility, to supply US dollars abroad

Stresses in the U.S. dollar markets have pushed the Federal Reserve to open up a facility where foreign central banks can temporarily swap U.S. government bonds with greenbacks. The Fed announced Tuesday morning that it would be establishing a repurchase agreement facility for foreign and international monetary authorities (FIMA) that have accounts at the central […]