Mnuchin Alarmed by Inflation as U.S. Economy Revives: FII Update

Abdulaziz bin Salman, second right, at FII on Oct. 27.Photographer: Tasneem Alsultan/Bloomberg
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Former U.S. Treasury secretary Steven Mnuchin told the Future Investment Initiative forum he was concerned by rising U.S. inflation, and warned price pressures are unlikely to let up.

“It is something that we are all going to have to deal with,” Mnuchin said on Wednesday in Riyadh, echoing comments from some of the world’s top executives at Crown Prince Mohammed bin Salman’s signature business event.