Latest Steven Mnuchin News

Fed to sell off assets from an emergency loan program

Jun. 02, 2021 18:49 PM EDT

WASHINGTON (AP) — The Federal Reserve said Wednesday that it will start selling off the holdings of one of its emergency lending programs created last year to stabilize financial markets at the height of the pandemic crisis. The Fed will begin winding down the portfolio...

Sudan repeals Israel boycott law amid normalization efforts

Apr. 19, 2021 16:32 PM EDT

CAIRO (AP) — Sudan on Monday abolished a decades-old law on boycotting Israel, part of efforts to establish normal ties with the Jewish state. A bill was approved at a joint meeting of Sudan's ruling Sovereign Council and Cabinet that annuls the 1958 law. The law had...

Yellen says regulatory panel to look at 2020 market turmoil

Mar. 31, 2021 18:33 PM EDT

WASHINGTON (AP) — Last year’s coronavirus-triggered market turmoil exposed vulnerable areas in the U.S. economy that need to be addressed by the nation's top-level financial supervisory group, Treasury Secretary Janet Yellen said Wednesday. Yellen told members of the...

Powell says economy recovering but Fed support still needed

Mar. 22, 2021 20:14 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the economic recovery from the coronavirus pandemic has progressed more quickly than expected, but the central bank does not intend to let up in its support efforts. In congressional testimony released...