Mnuchin Isn’t Worried About the Yield Curve
- Treasury chief lauds Fed’s Powell, in contrast to Trump
- Flatter yield curve benefits Treasury issuing debt: Mnuchin
This article is for subscribers only.
Treasury Secretary Steven Mnuchin said he’s “not at all concerned” about the convergence of short- and long-term market interest rates at a time when some investors are worried the flattening yield curve signals a U.S. recession is coming.
Having a flat curve is something the Treasury is “perfectly content with,” given the government’s issuance of long-term debt, he said in an interview Tuesday on CNBC. Mnuchin also said he doesn’t view the curve as a predictor of economic growth.