"Federal Reserve" is the only problem in United States economy, says Trump

Trump once boasted of market gains, now tweets cause drops

Mnuchin made the statement on Twitter after calling the leaders of the six banks, seeking to address an issue that had attracted little concern ahead of the treasury secretary's tweet.

Earlier this year, White House press secretary Sarah Huckabee Sanders denied reports Trump would remove H.R. McMaster one week before he was ousted.

Trump defended Mnuchin, telling reporters on Tuesday that the Treasury chief is a "very talented, very smart person".

About 5.9 billion shares changed hands in US exchanges, compared with the 8.9 billion-share daily average over the last 20 sessions.

Before the re-opening of the American exchanges this Wednesday afternoon (15.30 CET) recommends the President of Donald Trump to use the last of the fallen classes of the stock purchase.

The assurance comes in the face of repeated attacks on the central bank by the President, who most recently called the Fed the U.S. economy's "only problem" on Monday.

The partial government shutdown, which began midnight Saturday after Washington failed to reach a deal for funding a border ball, stands to complicate matters. The president's musings about firing Powell and the abrupt departure of Defense Secretary James Mattis add to the sense of turbulence.

"Yes, markets have been anxious about recession and Fed policy mistakes".

On Sunday, the Treasury Department tweeted that Mnuchin "conducted a series of calls today with the CEOs of the nation's six largest banks" - Bank of America, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley and Wells Fargo.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. He cited five-year-old restrictions on banks using their own capital to make speculative market bets, known as the Volcker Rule.

Mnuchin then spoke with the heads of major USA banks on Sunday and issued a statement that evening saying the banks had "ample liquidity". "Even the Fed and other agencies are very satisfied with the health of the banking system, to the point of relaxing a bit the regulatory grip".

With the equity markets in free fall, Treasury Secretary Steven Mnuchin spoke with the chief executive officers of the six largest USA banks, who confirmed they have enough liquidity to continue lending and that "the markets continue to function properly". "Not only did he consult with the biggest banks, but he is talking to all of the financial regulators on Christmas Eve".

Still, Trump repeated his belief the Federal Reserve is raising interest rates too quickly, blaming the decision on a booming economy.

The mixed regional bag came after Mnuchin spent much of the weekend in damage control mode following multiple media outlets reporting that Trump had privately asked cabinet members if he has the authority to fire Fed Chairman Jerome Powell.



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