Fed’s Powell continued regular meetings with Treasury’s Mnuchin in June By Reuters

Fed's Powell continued regular meetings with Treasury's Mnuchin in June


© Reuters. FILE PHOTO: U.S. House of Representatives Financial Services Committee hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), in Washington

(Reuters) – Federal Reserve Chair Jerome Powell continued to stay in frequent contact with Treasury Secretary Steven Mnuchin and top lawmakers in June, a month when the economy appeared to be recovering sharply from the coronavirus-induced recession, Fed records released Friday showed.

Powell logged 16 meetings with Mnuchin in June, the same as in May, a readout of Powell’s calendar for the month showed. He also met with Senate Majority Leader Mitch McConnell and was on a conference call with House Majority Leader Steny Hoyer’s leadership council.

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