Fed Officials Mull Extending Dollar Swap Lines

Fed officials discussed extending U.S. dollar swap lines to additional central banks, according to FOMC minutes.
Current swap lines exist with five major central banks, serving as a global liquidity backstop since the 2008 crisis.
Debate arises amid heightened geopolitical instability and rising energy costs from the U.S.–Israel–Iran conflict, raising concerns over dollar availability.
Incoming Fed Chair Kevin Warsh’s view that independence may not limit crisis‑fighting abroad unsettles European central banks.