Powell, Mnuchin enter the lion's den again to discuss pandemic response

FILE PHOTO: Federal Reserve Chairman Jerome Powell talks with U.S. Treasury Secretary Steven Mnuchin during the G20 finance ministers and central bank governors meeting in Fukuoka, Japan June 8, 2019. REUTERS/Kim Kyung-Hoon/Pool/File Photo

Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin are due to testify before the U.S. House of Representatives Financial Services Committee at 12:30 p.m. EDT to discuss how funds were disbursed to households and businesses. “The path forward will also depend on the policy actions taken at all levels of government to provide relief and to support the recovery for as long as needed,” he said.

Numerous Fed policymakers, including Powell, have said that more fiscal and monetary help will likely be required to keep what is expected to be a slow and uneven economic recovery on track. Data on Sunday showed the Fed bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart Inc and AT&T Inc as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett’s Berkshire Hathaway holding company. [nL2N2E505Y]

This administration is raking the American people over the coals. It's all about what they can swindle for themselves, not caring about the public.

Oh please 🙄

We need more and now. Some still waiting. Some good advice from a a GOP fed:

Economic and Social Costs of 'Reopening'​ America

Lion's Den, yeah right, two submissive cats trying to impress bunch of investors. Free market my foot...

America is being bamboozled.

More ways to help the wealthy and friends .. we all know alot of that $$$ last time didn't go where it should have. Just like the tax cuts for the rich. I think Mnuchin is right there along side Barr. Trumps finally got his loyalists along side him.. bye USA

Learn more about Stevd Mnuchin from this Gaslit Nation Podcast

Terrible human beings. They live in the 'powerful' filth that they created.

1/2

“...the Fed bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart Inc and AT&T Inc as well as in major oil firms, tobacco giant Philip Morris International Inc”

Lion's den is quite an overwrought metaphor for basic congressional oversight that bureaucracy is subject to all the time for 1/10,000th of the money being distributed here.

Yuuuuuuuuuuuuuck

It’s a Den of Sleaze. 🤔

The response: They printed a ton of money and most of it went to people who didn’t need it. End of discussion.

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