In a new article for Barron’s, BWC Member Vincient Arnold addresses the concerns that the Fed might withdraw its swap lines given the stance of the current US administration. Arnold writes, “Taking steps to reduce foreign official holdings of Treasuries and agencies while also withholding swap lines would undermine the role of the U.S. as the world’s safe asset producer.”

To continue reading at Barron’s, click here.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.