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Mnuchin Says He’ll Consider Longer Maturities at Treasury

  • ‘We’ll take a look at everything,’ he says on debt management
  • Yellen has done a good job, he says in CNBC interview
Bloomberg business news

Trump Picks Mnuchin for Treasury, Ross for Commerce

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Steven Mnuchin, President-elect Donald Trump’s pick for U.S. Treasury secretary, said he’ll explore issuing debt maturing in more than 30 years to cushion the effect of rising interest rates, signaling incoming officials may be open to ideas that the current administration has been unwilling to implement.

“Interest rates are going to stay relatively low for the next couple of years,” Mnuchin said Wednesday in an interview on CNBC. Among other initiatives, “we’ll look at potentially extending the maturity of the debt, because eventually we are going to have higher interest rates, and that’s something that this country is going to need to deal with.”