US Treasury Sec. Mnuchin: Some action is better than nothing on more relief
|US Treasury Secretary Mnuchin is responding to questions before the House Financial Services Committee in the second day of his testimony on Capitol Hill.
Key quotes
"I believe we are following the law with regard to the shutdown of the Federal Reserve's programs."
"The reading of the law is authoritative and we accept it."
"Some action is better than nothing on more relief."
"We will discuss the eviction moratorium deadline with the president."
"Would support additional aid to the motorcoach industry."
Market reaction
These comments don't seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index (SPX) was virtually unchanged on the day at 3,662.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.