The Fed Clamps Down on the Firehose, Finally Restrains Themselves
The Federal Reserve said it loaned just $1.242 billion to the European Central Bank and the Bank of Japan through its currency swap line in the week ended Wednesday.
The Fed loaned $1.032 billion to the ECB and $210 million to the BOJ through the program it reopened earlier this month in response to strains in the global market for short-term dollar borrowing. The foreign central banks lend the dollars to their commercial banks.
Keep 'em comin', ZB, Europe is counting on you.