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Former Treasury Secretary Steven Mnuchin says 'people are overreacting a bit' to Trump's policies

  • Former Treasury Secretary Steven Mnuchin stated that he believes "people are overreacting a bit" to the current Trump administration's policies regarding the economy.
  • Mnuchin mentioned on CNBC that he does not see signs of an imminent economic slowdown and stated, "I don't think the outlook looks like we're going to have a recession."
  • Concerns over tariffs and trade policies have led to decreased confidence among consumers and small business owners, with the Federal Reserve Bank of Atlanta projecting a contraction for the first quarter.
  • The stock market has been experiencing volatility, with the S&P 500 down 9.4% from its peak, and Mnuchin commented that such corrections should not indicate economic trouble.
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  • 40% of the sources lean Left, 40% of the sources are Center
40% Center
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CNBC broke the news in United States on Wednesday, March 12, 2025.
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