US Treasury secretary Steven Mnuchin has chosen not to extend some emergency lending facilities
The Federal Reserve has taken the extraordinary step of publicly dissenting from a request by the US Treasury Secretary to end its emergency programmes.
Steven Mnuchin, Treasury secretary in the administration of president Donald Trump, sent a letter to the Fed’s chair Jerome Powell on November 19 in which he rejected the US central bank’s proposal to extend five emergency programmes activated in response to the Covid-19 pandemic. Mnuchin also requested the reimbursement of $455 billion in
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