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3/19/2020

Readout of Call of President’s Working Group on Financial Markets | U.S. Department of the Treasury

Readout of Call of President’s Working Group on Financial
Markets
March 10, 2020

WASHINGTON – Today, U.S. Treasury Secretary Steven T. Mnuchin convened a call of the
President’s Working Group on Financial Markets to discuss recent market conditions and
activity. The group shared updates on the resilience of the markets and the economic impact of
COVID-19. This group includes a subset of the full FSOC. Participants on the call included
Secretary Mnuchin, Board of Governors of the Federal Reserve System Chair Jerome Powell and
Vice Chair Randal Quarles, Federal Reserve Bank of New York President John Williams, SEC
Chairman Jay Clayton, CFTC Chairman Heath Tarbert, Comptroller of the Currency Joseph
Otting, and FDIC Chairman Jelena McWilliams.
The FSOC will meet on March 23 for an open meeting to discuss similar issues.
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https://home.treasury.gov/news/press-releases/sm933

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