Mnuchin Vows ‘Massive Amount of Liquidity’ to Counter Coronavirus Market Turmoil

Mnuchin Vows ‘Massive Amount of Liquidity’ to Counter Coronavirus Market Turmoil
Treasury Secretary Steven Mnuchin speaks with reporters outside White House in Washington, DC, on March 13, 2020. Jim Watson/AFP/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Treasury Secretary Steven Mnuchin said his office was working closely with the Federal Reserve to ensure an ample supply of liquidity to markets that have been rocked by the coronavirus epidemic.

Mnuchin told CNBC in an interview Friday that he and Fed Chairman Jerome Powell were “in constant conversation” about financial crisis management tools that could be deployed to counter the virus-driven fallout.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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