Treasury Secretary Steve Mnuchin says market plunge on Fed rate hike 'is completely overblown'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Treasury Secretary Steve Mnuchin says the market plunge on Fed rate hike 'is completely overblown.'

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

IT IS. IT LOOKS REAL TO ME

Not really over blown if it was a Democrat in office it would be a different story in the rates would pretty much at zero but it isnt a democrat it’s a Republican so the rates have to go up

Market plunge is Trump refusing too act as an executive part of OUR government! Congress needs too take action on his mental faculties! God Bless America. 1. At the helm for his election platform? 2. Defending like a child?

That may be...but tell my account that, numbers don’t lie!!

Yes, the planned increases were already factored into the market. The uncertainty on many fronts (slow-down, global markets, etc) exacerbated the sell-off but he won’t acknowledge any responsibility.

Should have kept Yellen in there

Get into inverse ETFs while they're ( still ) cheap

Please show this to your boss..

Nope. Well, maybe if we had his money

thekungfunerd It's ok everyone leave the stock market come to crypto. ripple bgarlinghouse XRP is the future of the world. Not to mention we are up 22% this week. The water is warm, common in..

Mr. Market is always right. He (or she) is also the world's greatest market timer and forecaster. But, fools gotta try and fool you.

Ron Paul was right. END THE FED.

People lost confidence in Trump. Markets into full bear market territory, 401k’s getting crushed, people losing money, “Stagflation” economy looming, tariffs, What’s next? Yes, job losses. Don’t expect much return for 2019 and expect a recession by 2020

Maybe because you, or your entire administration doesn’t know wtf they’re doing? Filled up the cabinet with conmen and grifters, while promising, “only the best people.” To those attached to this volatile market brought on by this administration, as Paul Ryan has said

market plunges on tariffs with china and the incomptence from man like you and navarro, not on a hike of .25% and MAY BE two (potential) hike in 2019, come on

The bigger worry is if you get a real crisis this administration will play the blame game cause they dont have a clue

So what if it's overblown? It still is happening and has been happening since the tax cut. Don't think so? If you are a middle-class citizen trader in the market and are using your 401 k or savings as trading funds, you have been crushed. Even if you simply have a 401K, how's it?

Na, the market overreacts to nearly every 2pm Fed speak. The Fed should get off the drama show and just jack rates directly to whatever final rate they deem appropriate. Quit jerking us off every few months. Give us one big O.

It’s overblown because NO ONE in this WH has a clue!!!

Who believes you?

Then do something to fix it damit!!

Agreed, this is more about the pending government shut down, deficits and trade war, which were all Trump's choices.

Doesn’t matter much it is still happening...

so the opposite?

That’s comforting

he is a blind politician or pretending, hihi

This guy has a very small economic vocabulary, probably to match his treasury policy knowledge. He made some money in business. Little comfort or guidance in running the Treasury of the USA.

It's becoming increasingly clear that not a single person in the Trump administration has any idea of what they're talking about. Complete incompetence and denial.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines