Economy

Mnuchin, an ex-treasury Secretary, states that the U.S. is currently in recession. Stocksak


© Stocksak. FILE PHOTO. U.S. Treasury secretary Steve Mnuchin testifies in front of a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus (COVID-19), pandemic response to Capitol Hill in Washington

RIYADH (Stocksak), – Former U.S. Treasury Secretary Steve Mnuchin stated Wednesday that he believes the United States is in a recession, and that this would continue.

Riyadh’s FII flagship investment conference was attended by him. He stated that he believes we will see a peak of 4.5% 10 year rates.

He said, “I think you will see inflation in the U.S. start to come under control. It will probably be a 2-year period,” he continued.

He said that the U.S. and China should learn to co-exist. He said that the Middle East’s economic problems must be addressed regionally.

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