Mnuchin defends ending Fed emergency programs amid sabotage claims

Washington (AFP) – US Treasury Secretary Steven Mnuchin on Friday defended a decision to halt a series of emergency lending programs after Democratic lawmakers claimed Donald Trump’s administration was trying to sabotage the economy following his loss in the presidential election.Mnuchin said he was following congressional intent in phasing out at year’s end Federal Reserve programs intended to help the US financial system weather the shock of the Covid-19 pandemic, adding that the funds unused by the central bank should be repurposed to other pandemic relief efforts.But the move drew scathing…

Read More

HEDGE accordingly