Fed set to provide dollar liquidity after Brexit vote

Washington (AFP) – The US Federal Reserve said Friday it was ready to provide dollar liquidity  to other central banks to offset any global market pressures resulting from Britain’s vote to exit the European Union.

“The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the US economy,” the central bank said in a statement.