Fate Of Pandemic Funds Sparks Unusual Dispute Between Treasury And Federal Reserve

Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin bump elbows at the conclusion of their testimony before Congress on June 30, 2020. The Fed and Treasury are engaging in a rare clash over the fate of key pandemic lending programs.

The Fed is pushing back against a request from Treasury to wind down emergency lending programs set up in the wake of the coronavirus.

(Image credit: Tasos Katopodis/AP)

npr rss

Jim Zarroli
Author: Jim Zarroli

This post was originally published on this site

Leave a Comment