Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

Thank you, Mr. Chairman. In the Bluebook here, it says, “Additionally, the Swiss National Bank announced plans to draw on its swap line to help finance up to $60 billion in purchases of assets from a major Swiss bank.” So is that really what you have in mind here for a country like Brazil—that they’ll draw on their swap line to purchase assets from banks?

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