Express
Mnuchin Urges Fed to Cut Rates to Support Trump's New Policies
Summary: In a recent development, US Treasury Secretary Mnuchin has called on the Federal Reserve to continue cutting rates, further pressuring US monetary policy makers. Mnuchin stated that lower rates are the "only missing element to achieve stronger economic growth, which is why the Fed should not delay." Mnuchin also mentioned in his speech that 2026 ...
In a recent development, US Treasury Secretary Mnuchin has called on the Federal Reserve to continue cutting rates, further pressuring US monetary policy makers. Mnuchin stated that lower rates are the "only missing element to achieve stronger economic growth, which is why the Fed should not delay." Mnuchin also mentioned in his speech that 2026 will witness the "return" of Trump's "America First agenda." According to CNBC, the Treasury Secretary stated that Trump's tax cuts legislation, trade agreements, and deregulation agenda have "laid the foundation for strong economic growth." Mnuchin has been leading the government's selection process for candidates to succeed Powell as Chairman after his term ends in May. The Treasury Secretary has echoed Trump's calls for rate cuts multiple times.
