Fed ‘absolutely’ prepared to stabilise markets, says Collins
Head of Boston Fed says bank ready to deploy tools as and when they are needed
The president of the Federal Reserve Bank of Boston has said the US central bank would be ready to intervene to help settle markets following the turmoil of recent weeks.
In an interview with the Financial Times on April 11, Susan Collins said the US Federal Reserve had “tools to address concerns about market functioning or liquidity should they arise”.
Collins, a member of the Fed’s board, said the bank would “absolutely be prepared” to deploy the various tools at its disposal, as and when they
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