Mnuchin-Powell split shows rare discord as economy struggles ...Qatar

The top two US economic policymakers clashed over whether to preserve emergency lending programmes designed to shore up the economy — a rare moment of discord as the nation confronts the risk of a renewed downturn spurred by the resurgent coronavirus. The disagreement erupted late on Thursday when outgoing Treasury Secretary Steven Mnuchin released a letter to Federal Reserve chair Jerome Powell demanding the return of money the government provides the central bank so it can lend to certain markets in times of stress. Minutes later, the Fed issued a statement urging that “the full suite” of measures be maintained into 2021. “This is a significant and disturbing breach at a critical time for

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Mnuchin-Powell split shows rare discord as economy struggles ...Qatar

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