Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Treasury Seeks Pre-Crisis Financial Powers

Treasury secretary Steve Mnuchin walks through two large green hedges
Photo courtesy of NYTimes

With the past as prologue, U.S. Treasury Secretary Steven Mnuchin announced that he would ask Congress to reinstate powers that were used during the 2008 financial crisis to support the economy as the coronavirus threatens to grind business activity in the United States to a halt.  The powers would impact not only the domestic authority of financial authorities like the Treasury Department and the Federal Reserve, but also the ability to push internationally for coordinated policies.

The story can be found here.

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