Can The Fed Do That?

An early question for the Biden Treasury will be whether the existing Fed LLCs (Main Street, MLF, TALF and Corporate Credit—which will very much be around on 1/20/21) can be amended, per the Cares Act, to have access to the funds Congress appropriated in the Cares Act pic.twitter.com/SQHR6bN2m9

— Nick Timiraos (@NickTimiraos) November 24, 2020