WASHINGTON—Treasury Secretary Steven Mnuchin said Thursday he is working closely with the Federal Reserve to make sure there are ample reserves, or deposits banks keep at the Fed, following funding strains in money markets in September. Mr. Mnuchin said he has met with Federal Reserve Chairman Jerome Powell multiple times and had discussed the issue as recently as Thursday morning. “We’ve talked in our weekly meeting [about] making sure the Fed is prepared for year-end activity so there are ample reserves,” he told House lawmakers.

Source: Wall Street Journal December 05, 2019 16:29 UTC