-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessTreas Sec Mnuchin: Plenty Of Firepower Left
Treas Sec Mnuchin on CNBC addresses the non-extension of Fed/Treasury 13-3 lending programs under the CARES Act beyond the end-year expiration date:
- Says re the controversy over the past 24 hours and the Fed's opposition to the decision - it's "straightforward and people are missing the issue": "Congressional intent is that it expires on Dec 31 this year". Says he and Powell have discussed for the past few weeks.
- He notes there is only $25B of loans outstanding, and to the extent that more is required, there is $750B of firepower so the gov't still has plenty of lending capacity.
- Mnuchin says they'll work with Congress to re-appropriate the unused funds for proceeds such as PPP loans.
- Regarding Chicago Fed's Evans' comments earlier in CNBC, Mnuchin says he "would go ask [Evans] to read the law, or speak to the Chair of the Committee [Powell]". If all else is equal, the Fed would always like to keep its tools outstanding. "We don't need to buy more corporate bonds, the municipal market is working..."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.