Money Market Turmoil In March Shows Past Reforms May Be Insufficient - U.S. Treasury Official

Turmoil in money market mutual funds sparked by the coronavirus pandemic shows that decadeold reforms to the $4.4 trillion industry may not be enough to avert major outflows during a future crisis, Deputy U.S. Treasury Secretary Justin Muzinich said on Tuesday.

from Top Business News- News18.com https://ift.tt/3jgCA6T