Mnuchin Demands the Return of Emergency Funds from the Fed, without Explaining What He’s Been Doing with a Missing $340 Billion

by Pam Martens and Russ Martens, Wall St On Parade: Yesterday, U.S. Treasury Secretary Steve Mnuchin stunned markets by demanding in a letter to Federal Reserve Chairman Jerome Powell that the Fed return Treasury funds that are backstopping the bulk of its emergency lending programs and wind down these programs by year’s end. Adding further shock, the […]