As Steven Mnuchin steers a multi-trillion-dollar project to save the economy from the coronavirus fallout, the question is how much risk he is willing to bear if the potential reward is preventing total economic ruin.
Now, as Mnuchin steers a multi-trillion-dollar project to save the U.S. economy from the coronavirus fallout, the question is how much risk he is willing to bear if the potential reward is preventing total economic ruin. deals totaling $4 trillion. That means Mnuchin is in a spot to reap returns from the investment, although such rewards aren't likely.
If Mnuchin's terms end up too stringent, however, some worry that could defeat the purpose of the program entirely. Even still, Mnuchin holds certain power cards in his favor as the Fed and Treasury put the structure of those loans in place. He recommended Powell for Fed chair. Trump has often put public political pressure on Powell.Last week, the Federal Reserve began to outline in broad strokes how it will begin to use the funds. It is using $75 billion of the Treasury's pot as equity backing behind a lending program that could support up to $600 billion in loans.
They do not realize it, but the FED is jeopardizing its independence. It may very well result in its responsibilities being reincorporated into the Treasury department. That would make sense since it needs to violate the law by continuing to act as a Treasury surrogate.
Go up us500-down jons 2900-3000 in Asia when trump speak , He is a big manipulator , GO UP
Remdesivir
The Fed is defacto the Treasury. Anybody who believes they are seperate is totally deluded.
You mean the American taxpayer again. Welcome to bush financial meltdown 2.0 I told you America! FailureInChief
The real virus: