Business
Fed spat raises fears Trump wants to ‘burn the house down’ – Sydney Morning Herald
Trump appears to be doing everything he can to undermine the incoming Biden administration and constrain its ability to govern effectively.
Mnuchin, while requesting extensions for some other emergency facilities, said he believed the US Congress intended the funding to expire on December 31. He also said the programs had clearly achieved their objectives.
Others disagree with both those assessments and see the decision as political in an environment where the Trump administration appears to be doing everything it can to undermine the incoming Biden administration and constrain its ability to govern effectively.
The Fed itself, in a…
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