BUENOS AIRES, Argentina (AP) — U.S. Treasury Secretary Steven Mnuchin says that Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates.
Speaking to reporters Saturday on the sidelines of a Group of 20 meeting in Buenos Aires, Argentina, Mnuchin said he can’t comment on why the U.S. president made the comments but he doesn’t think they were a mistake.
“I can assure because I’ve spoken to the president. His intention is not to in any way put pressure on the Fed,” the Treasury Secretary said, referring to the U.S. central bank.
On Friday, Trump for a second day criticized the Federal Reserve, breaking with a long-standing tradition at the White House of avoiding any influence, real or perceived, on the Fed’s independence.
Copyright © 2018 The Washington Times, LLC.
The Washington Times Comment Policy
The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.
Published at Sat, 21 Jul 2018 14:46:32 +0000