Bessent ready to repeat joint yen intervention, urges bigger Fed backstop
Bessent ready to repeat joint yen intervention, urges bigger Fed backstop Aug 2 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday he will not hesitate to repeat a U.S.
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Bessent ready to repeat joint yen intervention, urges bigger Fed backstop Aug 2 (Reuters) - 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 yen movements and urged that a Federal Reserve backstop for foreign central banks and monetary authorities be "upsized." Bessent indicated in a social media posting on X that the Fed’s Foreign and International Monetary Authorities lending facility was used in the coordinated action on Friday, which was confirmed by Japan’s finance ministry and President Donald Trump. "The FIMA Repo Facility is an important backstop.
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- Bessent ready to repeat joint yen intervention, urges bigger Fed backstop Aug 2 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday he will not hesitate to repeat a U.S.
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Bessent ready to repeat joint yen intervention, urges bigger Fed backstop
Sources1TypeCoverageInvesting.com · Economy