Opinion | Is Trump Trying to Take the Economy Down With Him? - The New York Times - 0 views
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Consumed by Election Day, Congress effectively abandoned the country when it failed to reach an agreement in October on a desperately needed relief bill. Now, its energy is geared toward the partisan mess of the presidential transition and two Senate runoffs in Georgia.
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To Chairman Powell’s credit, he and the Fed took the remarkable step of publicly disagreeing. “The Federal Reserve would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy,”
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till, there was hope that the Fed could make up for it by being even more aggressive about its ability to issue low-cost loans, using ample CARES Act funds and its own statutory powers.
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