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MNI BRIEF: Mnuchin Downplays Treasury Moves on Fed Facilities

(MNI) WASHINGTON

U.S. Treasury Secretary Steven Mnuchin said Friday his decision not to renew a number of emergency Federal Reserve lending facilities would not jeopardize market stability or the economic recovery.

"This was a very simple thing, we're following the intent of Congress," he told CNBC. "We still have a plenty of firepower," he said, citing remaining funds in the Treasury's Exchange Stabilization Fund.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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