Powell Q&A: Dollar swap lines extended as a backstop

Author: Adam Button | Category: Central Banks

Comments from Powell in response to questions from reporters

  • There's nothing going on in any market that raised dollar funding concern
  • Markets started working again after we announced certain programs, so we didn't need to use them. But it's important that they stay in place
  • Not aware of discussions on allowing Fed to lend to companies in bankruptcy
  • Current stance is appropriate, prepared to adjust as appropriate

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