Bessent: Calling for an expansion of the Fed's foreign exchange lending facility or facing risks
2026-08-04 22:06:33
According to CoinMeta, U.S. Treasury Secretary Scott Bessent called on the Federal Reserve to expand the lending facility for cash to official foreign exchange accounts. This could help Japan strengthen its currency, but it may also bring other risks, such as testing the resolve of Washington and Tokyo in the market. Bessent confirmed on social media that the Treasury Department and Japan's Ministry of Finance conducted a rare joint intervention last Friday to buy Japanese yen. Bessent stated that the FIMA lending facility is an important support, and suggested expanding the scale of this facility in the coming months.
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Source:Internet
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