The United States Secretary of the Treasury, Steven MnuchinHe said in an interview with CNBC on Friday, they still have tools and firepower left to boost the economy, if necessary, as reported by Reuters.
Mnuchin spoke out about the recent controversy over emergency credit lines, stating: “It was clear that Congress intended for the Fed’s credit facilities to expire at the end of December.” He said he spoke extensively with the chairman of the Federal Reserve. , Jerome Powell.
Regarding the possibilities of implementing measures, the secretary said that they have a lot of power to ask. “The Treasury has an exceptional capacity of more than 800,000 million dollars, it is a pretty good bazooka” said.
“Parts of the economy are picking up, but a lot of people are still struggling,” Mnuchin said. Regarding the airlines, he stated that they have broad support.
Mnuchin spoke out on health issues. He stated that they are working to get the vaccine widely distributed.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
