Published 3 years ago

Fed’s Evans Says End Of Pandemic Relief ‘Disappointing’

Summary by Financial Post

(Reuters) – Chicago Federal Reserve Bank President Charles Evans said Friday he was disappointed by U.S. Treasury Secretary Steven Mnuchin’s decision Thursday to end several of the Fed’s key pandemic lending programs on Dec. 31.

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Reuters

Fed's Evans Calls End of Pandemic Aid "Disappointing"

Nov 20 - Federal Reserve Bank of Chicago Chairman Charles Evans said on Friday he was disappointed by US Treasury Secretary Steven Mnuchin's decision to end several of the programs on December 31. of loans due to the Federal Reserve pandemic. "I think the backup role is very important for quite some time, so

3 years ago·United Kingdom

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CNBC

Chicago Fed's Evans says he's disappointed by Treasury’s move to stop funding Fed lending programs

Treasury Secretary Steven Mnuchin has decided to allow several of the Fed's emergency lending programs to expire on December 31. Chicago Federal Reserve President Charles Evans told CNBC that the facilities provide an important function and expressed disappointment in the Treasury Department’s decision.

3 years ago·United States

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Financial Post

Fed's Evans says end of pandemic relief 'disappointing'

Chicago Federal Reserve Bank President Charles Evans said Friday he was disappointed by U.S. Treasury Secretary Steven Mnuchin's decision Thursday to end several of the Fed's key pandemic lending programs on Dec. 31. Read More

3 years ago·Canada

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OAN

Fed’s Evans says end of pandemic relief ‘disappointing’

November 20, 2020(Reuters) – Chicago Federal Reserve Bank President Charles Evans said Friday he was disappointed by U.S. Treasury Secretary Steven Mnuchin’s decision Thursday to end several of the Fed’s key pandemic lending programs on Dec. 31.“I think that backstop role my be quite important for quite some time so it’s disappointing,” Evans said in an interview on CNBC. (Reporting by Ann Saphir)

3 years ago·San Diego, United States

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Live Mint

Evans says Treasury move to wind down Fed programs disappointing

The lending facilities, rolled out earlier this year in response to the pandemic, are providing a helpful backstop for financial markets, Charles Evans said.Steve Mnuchin published a letter sent to Jerome Powell seeking the return of money allocated by Congress to fund the programs

3 years ago·New Delhi, India

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