Hot Topics :
mnuchin_sec-of-treasury.jpg

Trump, Mnuchin try to calm Wall Street amid shutdown, bumpy ride for stocks

With investors bruised by the stock market’s worst week in seven years, President Trump and Treasury chief Steve Mnuchin have spent recent days trying to ease concerns on Wall Street — with the partial government shutdown as an inconvenient backdrop.

Mnuchin tweeted Sunday that he had called the “CEOs of the nation’s six largest banks” in a bid to calm any financial-industry jitters. A Treasury Department statement indicated there was little alarm among them.

“The CEOs confirmed that they have ample liquidity available for lending,” the Treasury said in a statement. Mnuchin “also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly,” according to the statement.

With stocks declining last week, Trump was reportedly considering firing Federal Reserve Chairman Jerome Powell, after the U.S. central bank voted Wednesday to increase rates.

One thought on “Trump, Mnuchin try to calm Wall Street amid shutdown, bumpy ride for stocks”

Leave a Reply

Your email address will not be published.

Subscribe to The Red Report

Get your daily dose of news & info from The Red Report

Sign up to The Red Report for FREE and receive our daily emails.

?>

The Red Report: Real Conservative News

Are you tired of the same old Liberal slanted news? Join over 500,000 Americans who get their daily dose of Conservative Politics delivered right to their inbox. Make America Great again with a free market, states’ rights, and small government.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.