Trump Says He’s Confident in ‘Very Talented’ Mnuchin After Slide
- President complains again about Fed interest-rate increases
- Mnuchin’s approach ‘smacks of desperation’: portfolio manager
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President Donald Trump expressed confidence on Tuesday in Treasury Secretary Steven Mnuchin, who is struggling to contain his first real crisis but has failed to assuage investors unnerved by turmoil in Washington.
Trump told reporters at the White House on Christmas morning that Mnuchin is a “very talented guy, very smart person.” He complained again about the Federal Reserve and its chairman, Jerome Powell, saying that “they’re raising interest rates too fast.”