“US FEDERAL RESERVE: THE FED AND THE CENTRAL BANKS OF THE UNITED KINGDOM, CANADA, JAPAN, THE EUROPEAN CENTRAL BANK, AND SWITZERLAND ANNOUNCE A COORDINATED ACTION TO IMPROVE LIQUIDITY PROVISION THROUGH THE STANDING US DOLLAR LIQUIDITY SWAP LINES.”

— Breaking Market News (@financialjuice) via Twitter

https://twitter.com/financialjuice/status/1637560520873070593?s=20

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Discussion

Brrrrrrrrrrr.

“Improving liquidity provision” sounds so sophisticated.

ELI5: “Fire up the money printers.”