The Federal Reserve is looking at the extension of the loan to the states relatively low population, the FOMC meeting the President, secretary Powell told the Senate Banking Committee during her testimony. Powell added that they continue to look at ways of properties to other borrowers.
During this time, the Secretary of the Treasury, Mnuchin explained that they want to have a better idea of what credit facilities are in need of more capital, prior to the issuance of all of this.
“The treasury was willing to take risks, to take account of the programs,” Mnuchin added. In the best case, is that the markets are opening, and the credit facilities are not necessary.”
The reaction of the Market
The US Dollar Index paid little or no mind to these comments, and has been seen for the last time, losing 0.16% on the day at 99.46.