Fed Boosts Dollar Liquidity to Secure Global Credit Supply

Fed establishes dollar swaps as central banks draw US Dollars

The seal of the Board of Governors of the U.S. Federal Reserve System lies embedded in the floor at the Marriner S. Eccles Federal Reserve Board Building in Washington on Feb. 5, 2018. Andrew Harnik/File via AP

The Federal Reserve has set up emergency currency swap arrangements with central banks around the world to allow dollar-based lending to continue, with markets coming under increasing pressure as the CCP virus crisis unfolds.

The Epoch Times refers to the novel coronavirus, which causes the disease COVID-19, as the CCP virus because the Chinese Communist Party’s coverup and mismanagement allowed the virus to spread throughout China and create a global pandemic.