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Mnuchin says people are misunderstanding Fed funding decision, there’s plenty of firepower left – CNBC

Mnuchin downplayed on CNBC his department’s decision to pull the plug on several Federal Reserve programs.

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Treasury Secretary Steven Mnuchin moved Friday to downplay his department’s decision to pull the plug on several Federal Reserve programs, saying there’s plenty of money around to provide funding where it is needed.
“This was a very simple thing. We’re following the intent of Congress,” Mnuchin told CNBC’s Jim Cramer during a “Squawk on the Street” interview.
After working together through much of the year on a series of lending and market liquidity programs, the Treasury and Fed found themselves…

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