Fed officials discussed extending dollar swap lines to additional central banks to bolster global financial stability amid heightened geopolitical tensions.
Current swap arrangements cover five major central banks and serve as a key backstop since the 2008 financial crisis.
Incoming Fed Chair Kevin Warsh noted limited independence for crisis‑fighting abroad, unsettling European central banks.
Extending swap lines could provide dollar liquidity to foreign lenders, preventing funding shortages during market stress.