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Yo_Mama_Been_Loggin

(108,294 posts)
Mon Dec 24, 2018, 09:53 PM Dec 2018

Mnuchin Risks Becoming Trump's Target as Market Slide Worsens

(Bloomberg) -- Steven Mnuchin is struggling to contain his first real crisis as Treasury secretary, failing to assuage investors unnerved by turmoil in Washington and making him a target of President Donald Trump’s wrath over stock market losses.

An emergency meeting with top U.S. regulators that Mnuchin convened on Monday and a call with executives from six major banks the previous day failed to address concerns about the administration that have intensified in the wake of a Bloomberg News report that Trump had discussed firing Federal Reserve Chairman Jerome Powell.

Trump’s frustration with Powell over the market’s performance -- expressed in tweets and interviews -- now may turn to his Treasury chief. One person familiar with the president’s thinking says that Trump has weighed dismissing Mnuchin, while another said that Mnuchin’s tenure may depend in part on how much markets continue to drop.

Since taking office, Trump has looked to the stock market as a benchmark for his presidency. Yet much of the gains in equities since his election have been been erased by months of turmoil, as investors grow increasingly concerned about the impact of the administration’s trade battles with China and Europe.

https://www.msn.com/en-us/news/politics/mnuchin-risks-becoming-trumps-target-as-market-slide-worsens/ar-BBRp2zy?li=BBnb7Kz

Well it can't be the dotard's fault. He's a stable genius.

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Mnuchin Risks Becoming Trump's Target as Market Slide Worsens (Original Post) Yo_Mama_Been_Loggin Dec 2018 OP
As the shutdown continues....... MyOwnPeace Dec 2018 #1
Donald turn on one of his own? You're sure? keithbvadu2 Dec 2018 #2

MyOwnPeace

(16,940 posts)
1. As the shutdown continues.......
Mon Dec 24, 2018, 10:11 PM
Dec 2018

there will be a daily list of "Whose fault it is" until it is resolved.
The way it looks now we may see a completely new Cabinet before mid-January!

Yes, another round of "ONLY THE BEST!!!"

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