FAST FIVE: Watch Live: Powell & Mnuchin Face 'Mad' Maxine In Congressional Testimony
Watch Live: Powell & Mnuchin Face 'Mad' Maxine In Congressional Testimony Tyler Durden Tue, 09/22/2020 – 10:25 Secretary of Treasury Steve Mnuchin joins Fed Chair Jay Powell to testify to Maxine Waters and her House Committee on Financial Services this morning.
Powell's preamble, released yesterday, defended the lack of success in The Fed's Main Street Lending Facility – so we suspect some pressure there from Maxine and her pals.
And of course, there will be plenty of fault apportioned as to who is to blame for a lack of further stimulus (which Powell has implicitly hinted at as being desired).
*EVANS: RECESSION DYNAMIC TO HIT IN BIG WAY WITHOUT FISCAL HELP *EVANS: ADDITIONAL FISCAL SUPPORT `FUNDAMENTAL, VERY IMPORTANT' …making it very clear what The Fed thinks needs to be done.
Watch Live (due to start at 1030ET): .