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Mnuchin Defends U.S. Fiscal Response to Pandemic, Seeks Payroll Loan Extension

Wednesday, 20 May 2020 02:20 WIB The Fed Ekonomi AS Jerome Powell Mnuchin

U.S. Treasury Secretary Steven Mnuchin on Tuesday defended the Trump administration’s fiscal response to the coronavirus pandemic and told senators he was willing to consider extending and modifying a payroll loan program for small businesses. In a sometimes testy hearing before the Senate Banking Committee, Mnuchin and Federal Reserve Chair Jerome Powell said the nearly $3 trillion in coronavirus rescue programs rolled out by the federal government over the past two months were working to support an economy devastated by the novel coronavirus. But the Treasury and Fed chiefs faced tough questions over whether the administration’s plans to quickly reopen the economy in the wake of...

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The most important data for the U.S. economy right now are the "medical metrics” around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where

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