U.S. Treasury Could Use ESF to Arrange Swap Lines Unrelated to Fed Policy, Warsh Says

Fed Chair Kevin Warsh said the U.S. Treasury could use the Exchange Stabilization Fund (ESF) to arrange swap lines that are unrelated to the Federal Reserve's monetary policy. According to Jin10, Warsh said the Treasury can use the ESF to set up swap facilities that are not connected to the Fed's monetary policy.