U.S. Federal Reserve Chair Jerome Powell spoke on an almost daily basis with Treasury Secretary Steven Mnuchin in April as the two officials scrambled to erect programs to soften the economic blow from the coronavirus pandemic, Fed records released Friday showed.
Powell and Mnuchin conducted 21 phone calls during the month, which now appears to have been the worst period for the economy, the readout of Powell’s calendar indicated.
In addition, Powell held 14 calls with key U.S. lawmakers, including Senate Majority Leader Mitch McConnell in their first discussion since December.
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