U.S. Regulators Tell Mnuchin Nothing Is Out of Ordinary in Markets
- Top regulators said to tell Mnuchin markets operating normally
- Stocks drop to 20-month low as Washington turmoil weighs
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Treasury Secretary Steven Mnuchin failed to assuage investors’ rising anxiety with a hastily called meeting of top financial regulators Monday as U.S. stocks plummeted to a 20-month low.
Leaders of U.S. financial agencies told Mnuchin that markets are functioning normally, according to a person with knowledge of the discussion, despite a recent stock slump that many traders blame on turmoil emanating from the Trump administration.
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U.S. Regulators Tell Mnuchin Nothing Is Out of Ordinary in Markets