Treasury Secretary Steven Mnuchin told lawmakers Tuesday that he supported the Federal Reserve’s decision to cut rates in a bid to support the economy amid the coronavirus outbreak. Mnuchin also said he saw the disease’s spread as having “short term” impact on the economy. “I very much support the Fed’s decision ... I think they did the right thing getting ahead of this,” Mnuchin told the House of Representatives’ Ways and Means Committee during his testimony on the Trump administration’s proposed 2021 budget. The Fed cut interest rates by half a percentage point in response to the novel coronavirus during the ... (full story)