Treasury Secretary Steven Mnuchin is working with the Federal Reserve to monitor bank reserves and decrease the chances of a rate crisis similar to September's, The Wall Street Journal reported Thursday. Mnuchin told the House of Representatives on Thursday that he and Fed Chair Jerome Powell have met multiple times to discuss the September lending rate spike and liquidity concerns ahead of year-end reserve obligations.
Treasury Secretary Steven Mnuchin is working with the Federal Reserve to monitor bank reserves and decrease the chances of a rate crisis similar to September's, The Wall Street Journal reported Thursday. Mnuchin told the House of Representatives on Thursday that he and Fed Chair Jerome Powell have met multiple times to discuss the September lending rate spike and liquidity concerns ahead of year-end reserve obligations.
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