FILE - In this Dec. 3, 2018, file photo, Treasury Secretary Steve Mnuchin talks with reporters at the White House in Washington. Trump says he has confidence in Mnuchin, calling him a "very talented guy" and a "very smart person." (AP Photo/Evan Vucci, File)

Trump: 'I do' have confidence Treasury Secretary Mnuchin

By The Associated Press December 25, 2018 at 11:34am

WASHINGTON (AP) — President Donald Trump says he has confidence in Treasury Secretary Steven Mnuchin (mih-NOO’-shin), calling him a “very talented guy” and a “very smart person.”

Trump reiterated his view that the Federal Reserve is raising interest rates too fast, but called the independent agency’s rate hikes a “form of safety” for an economy doing well.

The president lashed out at the Fed on Monday after administration officials spent the weekend trying to assure financial markets that Fed chairman Jerome Powell’s job was safe.

Trump expressed displeasure with the Fed after Mnuchin tweeted that Powell’s job was safe. Mnuchin also tweeted that he had checked with the heads of the six largest U.S. banks to ensure they had enough liquidity to operate in a stock market that has tumbled sharply since October.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Submit a Correction →

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:

WJ Wire

The Associated Press

SummaryMore Biographical InformationRecent PostsContact

The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter

@AP

Facebook

The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.

Location

New York City