Powell on Fed’s Readiness to Provide Dollar Liquidity
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Federal Reserve Chair Jerome Powell stated that the Fed is prepared to offer dollar liquidity to foreign central banks through swap lines if needed. He issued this warning in Chicago, cautioning that the U.S. central bank might be compelled to make difficult decisions amidst economic pressures stemming from President Trump’s escalating trade war. Powell emphasized the Fed’s independence, rejecting the concept of a ’Fed put’ and reaffirming its commitment to fulfill its responsibilities independently. The announcement comes as the Fed navigates complex economic conditions.
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