Steven Kamin on the Global Influence of Fed Policy and the U.S. Dollar
Macro Musings with David Beckworth
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The FEMA Facility and the Fed's Disagreement
Stephen Keman: The FEMA facility does allow China, though, if it wanted to, to sell treasuries to the Fed and then get dollar reserves. He says a country like India, which doesn't have a currency swap line, would benefit from the FEMA repo facility. "I'm moderately sure that we didn't have any particular restrictions on particular countries," he says.
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