The Treasury Department’s decision last month not to renew a suite of emergency Federal Reserve lending programs touched off a partisan fight over whether and how the Biden administration should be allowed to use the programs.
That fight was on display Tuesday when Treasury Secretary Steven Mnuchin and Fed Chairman Jerome Powell testified before the Senate Banking Committee in their first joint appearance since last month’s decision, which drew a rare objection from the Fed.
The…
This post first appeared on wsj.com
