Thursday, April 8, 2021

Treasury Secretary Warren – WSJ

Treasury Secretary Warren - WSJ

Senate Democrats on Tuesday lashed Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell for not doing enough to help businesses and workers while warning them not to bail out companies. If you want a prescription for a slow economic recovery, there it is.

Congress has appropriated $500 billion to backstop Federal Reserve lending facilities for mid-sized and large companies as well as local governments, plus $670 billion for Paycheck Protection Program loans to small business. These funds were needed to…

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