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Biden team slams Treasury decision to curtail Fed lending powers, calls move ‘deeply irresponsible’

Biden team slams Treasury decision to curtail Fed lending powers, calls move ‘deeply irresponsible’

This article was published more than 2 years agoCommentGift SharePresident-elect Joe Biden’s transition team condemned the Trump administration’s decision to end several emergency lending programs, blasting the move Friday as “deeply irresponsible” given the ongoing economic threats posed by the pandemic.Biden’s team has not been in communication with the Treasury Department and had no advance notice or consultation that would pull the plug on several emergency lending programs run jointly by the Treasury and Federal Reserve, according to Biden policy advisers.Aides to the...

November 20, 2020
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washingtonpost.com

washingtonpost.com

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