Sunday, December 20, 2020
Stimulus deal negotiations on Saturday face government shutdown deadline - The Washington Post
...The Toomey proposal would amount to one of the most significant intrusions into the central bank's autonomy in years. Former Federal Reserve chair Ben S. Bernake weighed in on the dispute in an unusual public statement on Saturday, saying that the central bank's emergency lending authorities should be at a minimum as robust as they were before passage of the Cares Act in March. Bernake said that it was "vital" that the central bank's ability to "respond promptly to damaging disruptions in credit markets not be circumscribed."...
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