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Mnuchin’s Fed move is like stripping Titanic of its lifeboats, economist says

Mnuchin’s Fed move is like stripping Titanic of its lifeboats, economist says

Posted By: Editorial Teamon: November 20, 2020In: ECONOMY, NEWSNo Comments

U.S. Treasury Secretary Steven Mnuchin’s decision to allow key pandemic relief programs to expire is like stripping lifeboats from the Titanic, according to Carl Weinberg, chief economist at High Frequency Economics. Mnuchin announced Thursday that he will not extend the Federal Reserve’s emergency lending programs that used Congress’ CARES Act funds beyond Dec. 31. The move is […] Read more

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