Mnuchin call topbankiers for financial markets to calm down

3e9d684481215cbe341e9f764e4d5552 - Mnuchin call topbankiers for financial markets to calm down

The American minister of Finance, Steven Mnuchin, has six topbankiers in his country called in an attempt to bring the financial markets to calm down.

Mnuchin want the markets to calm down now, the American government with a shutdown, is to face that until after the new year can last. There is according to him sufficient money available for loans to consumers and businesses.

On Twitter he made known by phone to have consulted with the ceos of the six largest banks in the U.S., the Bank of America, Citibank, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo.

After the weekend he goes on his elan and he performs in the special working group of president Trump for financial markets, of which he is chairman, in consultation with the directors of the Fed, the Securities and Exchange Commission (SEC) and other concerned leaders in the financial world. It is discussed how the normal course of business, on the financial markets can be secured.

American shares over the past few weeks, fell sharply out of fear of a downturn in economic growth. “We will continue a strong growth in the U.s. economy, with robust contributions from both consumers and businesses,” writes Mnuchin in a statement. Also, he suggests that despite the shutdown, employees in his department, the key tasks continue to run.

The Congress and the White House reached Friday no agreement on a new state budget. Because of the shutdown, hundreds of thousands of civil servants sent home, and they receive no salary. That comes at a time when much nervousness prevails in the financial markets.

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