Some US Federal Reserve officials have discussed extending the duration of the central bank’s dollar swap lines with major global peers in a move aimed at reinforcing financial stability amid rising geopolitical and economic risks, according to minutes of the Fed’s latest policy meeting reviewed by Reuters.
The discussion, which took place during the Federal Open Market Committee’s April 28-29 meeting, focused on whether the Fed should lengthen the current one-year renewal structure of its standing U.S. dollar liquidity arrangements with five major central banks, including the Bank of Japan and the European Central Bank.
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