Mnuchin says that US economic fundamentals are strong

Author: Justin Low | Category: News

US Treasury secretary Steven Mnuchin comments to CNBC

  • Markets are correcting and correction is natural
  • Sees normalisation in the yield curve
  • Also says that he sees a lot of demand for US debt
  • Says that Trump has made himself clear that he likes low interest rates
  • Trump respects the independence of the Fed
  • Powell is doing a good job, understands the regulatory environment
  • Says he had a constructive discussion with China on exchange rate
Mnuchin has been going on about this for the past two days now. Not a very colourful person, is he not? There isn't much that we haven't already heard before and his previous comments on the day and yesterday can be found here.

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