Fear of Risk Could Diminish the Economic Rescue by the Treasury and Fed
As the United States plunges into the worst economic downturn in decades, there is growing concern that the Federal Reserve and the Treasury are being too timid and halting in their approach as they scramble to rescue the economy.
On Monday, a report from the congressional commission overseeing the Fed and Treasury’s efforts pointed out that most of the $500 billion that Congress allocated in March to the Treasury to support businesses and local governments had yet to be used and raised questions about how the rescue programs would work....