Mnuchin, Powell Say Fed Programs Are Serving Their Purpose, Urge More Spending

Wall Street Journal, Sept. 22, 2020–Nick Timiraos, Sara Davidson (subscription)
The two top U.S. economic officials told lawmakers that emergency loan programs to support the coronavirus-stricken economy were largely working as intended and that more government spending would be needed to sustain the recovery.
https://www.wsj.com/articles/powell-mnuchin-testify-in-congress-on-impact-of-coronavirus-relief-efforts-11600781340?mod=hp_listb_pos5