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Mnuchin Rounds Up Some Usual Suspects to Blame for Market Stress

  • Treasury chief calls for review of Flash Boys and Volcker Rule
  • He says high-speed trading could be factor behind volatility
Steven Mnuchin speaks during an interview in Washington on Dec. 18. 

Steven Mnuchin speaks during an interview in Washington on Dec. 18. 

Photographer: Al Drago/Bloomberg

When Treasury Secretary Steven Mnuchin fingered high-frequency trading and the Volcker Rule as factors behind recent misery in the stock market he left out some other possibilities that might be contributing.

Namely, the White Houses’s ongoing trade conflict with China and President Donald Trump’s threat last week to shut down the government.