Mnuchin, Pow­ell back aid, loans

The Times-Tribune - - BUSINESS -

Trea­sury Sec­re­tary Steven Mnuchin and Fed­eral Re­serve Chair­man Jerome Pow­ell said Thurs­day that the gov­ern­ment’s top pri­or­i­ties in any new eco­nomic re­lief pack­age should be to pro­vide af­ford­able loans to small busi­nesses and fur­ther sup­port for mil­lions of Amer­i­cans still un­em­ployed.

Pow­ell and Mnuchin tes­ti­fied this week be­fore com­mit­tees in both the House and Se­nate that are pro­vid­ing over­sight of pro­grams cre­ated to deal with the eco­nomic fall­out from the pan­demic.

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