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Article WSJ Economy

A little-used Fed backstop is being put to a use it was never designed for—bankrolling Japan’s defense of the yen—and Treasury Secretary Scott Bessent wants it to be expanded

WSJ Economy August 4, 2026 · 12:00 am Read Original
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−100 Bearish 0 +100 Bullish
A little-used Fed backstop is being put to a use it was never designed for—bankrolling Japan’s defense of the yen—and Treasury Secretary Scott Bessent wants it to be expanded

The Treasury secretary wants the central bank to help by raising its $60 billion borrowing limit on an obscure lending program.

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Article Info
Source WSJ Economy
Published Aug 4, 2026 · 12:00 am
Article ID gr3nrdq
Original URL Open source
Sentiment Signal
Neutral 0.0
−100Neutral+100
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