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US Federal Reserve to return unused emergency lending funds to Treasury

Nov 21, 2020 - Business Standard India

US Federal Reserve Chairman Jerome Powell said that the central bank will return unused funds of the emergency Covid-19 lending facilities to the Treasury Department US Federal Reserve Chairman Jerome Powell said that the central bank will return unused funds of the emergency Covid-19 lending facilities to the Treasury Department. "You have indicated that the limits on your authority do not permit the CARES Act facilities to make new loans or purchase new assets after December 31, 2020, ...