- U.S. Treasury Secretary Mnuchin: New lending facilities to be launched in several weeks – CNBC
Market news
11 May 2020
U.S. Treasury Secretary Mnuchin: New lending facilities to be launched in several weeks – CNBC
- We will be taking advantage of zero rates
- U.S. will not bailout state pension funds or other previous problems in states
- Fed facilities were intended to be backstops; corporate bond markets are now unlocked
- Economic numbers will improve this summer as reopening takes place
- President Trump will do whatever it takes to support economy
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