Dec 20, 2018
US Treasury Sec Mnuchin: Market overreacted to Fed’s comments
U.S. Treasury Secretary Steven Mnuchin is now out on the wires, delivering the key quotes found below.
- Market overreacted to Fed’s comments.
- If low inflation continues, Fed rate path may change.
- DoJ action separate from trade talks with China.
- Cites he focuses on Fed’s inflation projection.
- Still confident we can deliver 3% growth in 2019.
- Think will see rebalancing out of bonds into equities.