1415 ET - At the Fed's January meeting, the manager of the Fed's financial-market operations, Roberto Perli, noted that the dollar depreciated in January after the New York Fed's trading desk made "rate checks" in the dollar-yen currency pair--a development that was reported by The Wall Street Journal and others at the time. Perli reiterated at the January Fed meeting that the rate checks were made at the direction of the U.S. Treasury, for which the New York Fed serves as fiscal agent. (matt.grossman@wsj.com; @mattgrossman)

(END) Dow Jones Newswires

February 18, 2026 14:15 ET (19:15 GMT)

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