EconomyAnalysts say limits on Hong Kong’s access to Fed dollar facility would have little impact
Analysts say a US lawmaker’s call to review Hong Kong’s access to the Federal Reserve’s short-term dollar funding facility would have limited effects because the city does not use it regularly. They warn that restrictions could instead erode the dollar’s global dominance. John Moolenaar has urged Fed chair Kevin Warsh to review the Hong Kong Monetary Authority’s access.
Analysts say limits on Hong Kong’s access to Fed dollar facility would have little impact
Economy