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U.S. Treasury Secretary says banking system 'can handle this' after Fed action: CNBC

Published 03/16/2020, 09:51 AM
Updated 03/16/2020, 09:56 AM
© Reuters.  U.S. Treasury Secretary says banking system 'can handle this' after Fed action: CNBC

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Monday that the country's banking system can handle the Federal Reserve's latest emergency rate cut and that President Donald Trump's administration aims to ensure businesses have liquidity during the current coronavirus crisis, CNBC reported.

“The banking system can handle this after the Fed’s actions. Now it is a question of liquidity for those who need it," he said, according to CNBC.

"The goal is not to bail out companies,” Mnuchin also said.

Latest comments

bring on the Gold
Cut rate all you want if there is no pause on monthly payments the number of defaults will skyrocket.
famous last words...
herbert trump? Donald Hoover?
Donald "herbert Hoover" trump
Trump at his BEST! He is doing what he does, overseeing his greatest bankruptcy in history. everything this his gold that he touches, turns to dust.
so grateful that our president has a business mindset!!! With any other president, we would be completely crashed by now.
You must be joking.
We would most likely be better off with literally ANY other president!
this is the herbert Hoover of our lifetime.
it would have been a lot worse if Obama was in office.
"when worse comes to worse... blame Obama" - the trump mantra
QE to infinity
Great... Lewis from Revenge of the Nerds is on top of things.
Trump please save América again!
?????????... your being sarcastic??right??🤣🤣🤣🤣
the power of the uneducated
The FDA is wrong concerning collodial Silver in small doses 5-15 PPM in table spoon doses it will not turn your skin blue and it will *******virus bateria and fungus. I am not a medical professional so do your own studying but I have used Collodial Silver for 10 years.
You are correct. I've been making & using for over 25 years. Back then purity was .999 silver, now using .9999 silver. People need to do the research. By the way, I'm not blue after using CS for 25 years.
the MAGA just keeps on getting greater
hahahahahahaha
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