Most financial professionals and many people in the mainstream financial media (intentionally missed how US Treasury Secretary Steve Mnuchin said in his ~20 minute CNBC interview yesterday (Friday, March 13th, 2020) how both the Federal Reserve & the US Treasury would provide “unlimited liquidity” to boost asset prices and in the real economy for American businesses. Can we call this a large scale #CoronavirusBailout yet?
Watch the full CNBC interview from yesterday here: https://www.cnbc.com/video/2020/03/13…
This Reuters article summarizing Mnuchin’s interview was one of the few to actually mention “unlimited liquidity:” https://news.yahoo.com/mnuchin-corona…
US Treasury Sec. Mnuchin: Fed and Treasury working to provide “unlimited liquidity” https://www.fxstreet.com/news/us-trea…
Dally Caller article summarizing Mnuchin’s interview where Mnuchin admits that the Trump Administration is looking at 50 different stimulus and bailout programs for regular everyday Americans and regular, Main St, USA businesses including MMT populism QE spending programs Mnuchin: Trump Administration Is ‘Looking At’ Suspending Student Debt Payments https://dailycaller.com/2020/03/13/mn…
Something Is Breaking: Fed Fails To Ease Epic Dollar Shortage As FRA/OIS Goes Parabolic https://www.zerohedge.com/markets/som…
The Fed to start buying Treasurys Friday across all durations, starting with 30-year bond https://www.cnbc.com/2020/03/13/the-f…
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