US Treasury Sec. Mnuchin: Some action is better than nothing on more relief

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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