{"id":10882,"date":"2026-08-04T00:00:00","date_gmt":"2026-08-04T00:00:00","guid":{"rendered":"https:\/\/empeiroscapital.com\/?p=10882"},"modified":"2026-08-04T00:00:00","modified_gmt":"2026-08-04T00:00:00","slug":"a-little-used-fed-backstop-is-being-put-to-a-use-it-was-never-designed-for-bankrolling-japans-defense-of-the-yen-and-treasury-secretary-scott-bessent-wants-it-to-be-expanded","status":"publish","type":"post","link":"https:\/\/empeiroscapital.com\/?p=10882","title":{"rendered":"A little-used Fed backstop is being put to a use it was never designed for\u2014bankrolling Japan\u2019s defense of the yen\u2014and Treasury Secretary Scott Bessent wants it to be expanded"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.wsj.net\/im-64793993\" \/><br \/>The Treasury secretary wants the central bank to help by raising its $60 billion borrowing limit on an obscure lending program.<br \/>\n2026-08-04 00:00:00<br \/>\nNick Timiraos<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Treasury secretary wants the central bank to help by raising its $60 billion borrowing limit on an obscure lending program. 2026-08-04 00:00:00 Nick Timiraos<\/p>\n","protected":false},"author":1,"featured_media":10883,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","entry","has-media"],"_links":{"self":[{"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=\/wp\/v2\/posts\/10882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10882"}],"version-history":[{"count":0,"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=\/wp\/v2\/posts\/10882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=\/wp\/v2\/media\/10883"}],"wp:attachment":[{"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/empeiroscapital.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}