Top Federal Reserve, Treasury Department and White House leaders discussed the U.S. economic recovery with billion-dollar firm BlackRock amid the coronavirus outbreak last year, The New York Times reported.
Federal Reserve Chair Jerome Powell and former Treasury Secretary Steve Mnuchin consulted with BlackRock CEO Laurence Fink multiple times throughout the pandemic even as the Wall Street investment firm valued at roughly $130 billion stood to benefit, according to emails obtained by The New York Times. BlackRock, a publicly-traded investment management firm that has grown 144% since March 2020, privately characterized its coordination with the officials as “the project” they were “working on together.”
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