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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Here's Steven Mnuchin's take on those Trump 2.0 recession fears
Steven Mnuchin, now a founder and managing partner at Liberty Capital, doesn't think there will be a recession.David Swanson/REUTERSSteven Mnuchin says he doesn't think there will be a recession amid fears and market volatility.Consumer confidence is on the decline while stock prices grew more volatile over Trump's tariffs.People may be nostalgic for Mnuchin as a force of reassurance during the first Trump administration.Former Treasury Secretar…
Former Treasury secretary on Trump’s tariffs: ‘People are overreacting a bit’
Former Treasury Secretary Steve Mnuchin said he disagrees with analysts who have sounded alarms about a potential economic slowdown and thinks “people are overreacting a bit” to the new Trump administration’s policy changes.
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