Let Me Off This ‘Wild Ride’: What To Expect From The Fed’s Last Meeting Of 2020

If the Fed wants to unveil plans to extend the average maturity of its ongoing asset purchases this week, Jerome Powell has more than enough excuses to lean on. For one thing, Steve Mnuchin kneecapped Powell earlier this month, when he demanded the Fed return funding that supported key emergency facilities credited with stabilizing markets since the onset of the pandemic. Mnuchin claimed he was just following "the law" and that the idea is to repurpose the funds by convincing Congress to alloc