Expanding the FIMA facility and central bank swap lines will protect U.S. Treasury markets and the broader economy by preventing disorderly selling of Treasuries and containing offshore financial stress.

""The purpose is to protect the U.S. economy and to keep any volatility offshore, preventing it from reaching U.S. shores," Bessent said. The facility was designed to "prevent disorderly selling of Treasuries and ease dollar funding pressures during periods of financial stress.""