4min chapter

Macro Musings with David Beckworth cover image

Steven Kelly on the Challenges of Treasury Equity Funding for 13(3) Facilities

Macro Musings with David Beckworth

CHAPTER

Navigating Financial Turbulence: Treasury's Controversial Moves Post-2020 Election

This chapter explores the Treasury's management of funding programs under the CARES Act amid the political transition after the 2020 elections. It highlights the contentious actions of the Treasury Secretary and the ensuing conflict between the Federal Reserve's goals and Treasury's decisions, reflecting the complex interplay of finance and politics during a time of economic challenge.

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