U.S. Treasury Secretary says banking system 'can handle this' after Fed action: CNBC By Reuters
U.S. Treasury Secretary Steven Mnuchin said on Monday that the nation's financial framework can deal with the Federal Reserve's most recent crisis rate cut and that President Donald Trump's organization plans to guarantee organizations have liquidity during the current coronavirus emergency, CNBC announced.
"The financial framework can deal with this after the Fed's activities. Presently it is an issue of liquidity for the individuals who need it," he stated, as indicated by CNBC.
"The objective isn't to rescue organizations," Mnuchin additionally said.
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