US EditionFormer 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.
6 Articles
6 Articles
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.
Comment by Damian McIntyre, portfolio manager and senior quantitative analyst at Federated Hermes, on whether the stock exchange’s reaction to tariff issues is exaggerated. Tariff announcements are advancing at vertigo speed. President Trump applied them to China (twice!) and imposed several on Canada and Mexico that he then adjusted. He also announced reciprocal tariffs to the rest of the world, starting in April. Meanwhile, several countries h…
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