On the recordJuly 13, 2021
Those swaps really work. They did a great job, as you know. They were a fundamental part of our program to stabilize the global financial markets and dollar funding markets.
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congress.govJerome Powell: “Those swaps really work. They did a great job, as you know. They were a fundamental part of our program to stabilize the…”
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Powell discusses the effectiveness of financial swaps in stabilizing markets.
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