Fed Minutes Reveal New York Fed Intervened in Foreign Exchange Market on Behalf of Treasury

On October 8, according to Jin10 data, the latest published Federal Reserve meeting minutes disclosed key details, explicitly noting that the New York Federal Reserve Bank had intervened in the foreign exchange market on behalf of the U.S. Treasury.

The minutes indicate that this intervention was specifically executed by the New York Fed, aimed at coordinating with the Treasury to maintain U.S. dollar exchange rate stability and support related macroeconomic policy objectives. The relevant records further corroborate the direct regulatory measures employed by U.S. authorities at critical junctures to manage cross-border capital flows and exchange rate volatility.

The disclosure of this information provides the market with a fresh reference point regarding the coordinated implementation of U.S. monetary and fiscal policies.