No changes to Fed swap lines, Lagarde worried about ‘truth’ – panel
Fed, ECB, BoE, BoJ and BoK governors discuss tariffs, stablecoins, r*, scenario analyses and the future
Jerome Powell yesterday (July 1) attempted to assuage concerns among the financial community by affirming the US Federal Reserve’s commitment to global financial stability.
“Nothing changed to our swap lines,” the Fed chair told a policy panel at the European Central Bank’s annual forum in Sintra, Portugal. He added that the Fed remained “prepared to use them in situations” where it was “within their capacities”.
Powell was joined on the panel by ECB president Christine Lagarde and the governors
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