Washington | Treasury Secretary Steven Mnuchin on Thursday (Friday AEDT) said he would not extend most of the emergency lending programs run in tandem with the Federal Reserve, a move the central bank immediately criticised, citing the fragile recovery.
The Fed's exceedingly rare public rebuke reflected a government divided on how to respond, as the pandemic surges across the nation, threatening a new wave of shutdowns and marking an inflection point of the recession.
