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Federal Reserve President Schmid stated that the central bank is closely monitoring financial markets on a minute-by-minute basis to ensure liquidity remains stable. Schmid emphasized the importance of the treasury market as a cornerstone of global finance, expressing confidence that there has not been a significant need for intervention recently. He noted that the market appears to be adjusting effectively, and the Fed is prepared to utilize its tools to maintain smooth transactions and liquidity flow.
Fed's Schmid: "We're literally by the minute watching those markets and making sure that we're using the tools to make sure that the transactions and liquidity keep flowing. I don't think there's been any sizable need lately. It looks to me like the market is adjusting pretty
Schmid Says Fed Is Closely Monitoring Markets https://t.co/y1nIxHOHXc
Fed's Schmid: I have great confidence that there is a high priority put on the treasury market as an anchor to global finance.
