Treasury wants to end COVID-19 loan programs — and the Fed isn’t happy

The Trump administration plans to pull the plug on five loan programs that supported the economy during the coronavirus crisis — prompting a rare objection from the Federal Reserve. Treasury Secretary Steven Mnuchin said his department won’t renew the emergency programs — which shored up the corporate bond market, municipal governments and struggling Main Street...

Treasury wants to end COVID-19 loan programs — and the Fed
isn’t happy
The Trump administration plans to pull the plug on five loan programs that supported the economy during the coronavirus crisis — prompting a rare objection from the Federal Reserve. Treasury Secretary Steven Mnuchin said his department won’t renew the emergency programs — which shored up the corporate bond market, municipal governments and struggling Main Street...