US Treasury Sec. Mnuchin: Democrats don't want Trump to have aid win pre-election, talks to continue
|Early Thursday morning in Asia, US Treasury Secretary Steve Mnuchin reiterated, via Fox News, his earlier call of no progress on the American coronavirus (COVID-19) stimulus. This time, the diplomat mentioned the opposition Democratic Party’s intention behind delaying the much-awaited aid package.
While the US policymakers held Democrats responsible for the recent failures to offer the fiscal help, he also mentioned that there’ll be a very, very big GDP number coming up.
Furthermore, the Trump administration member also praised Mr. President while citing the push to get to a deal on coronavirus relief.
Mentioning about the progress, Mnuchin said, “I and Pelosi have made significant compromises, have agreed to continue talks tomorrow. There is still more work to do in certain areas of talks.”
Market implications
As there is nothing new in these comments than market already aware, coupled with the early hour of the Asian open, there prevails a little reaction to the update. However, it’s worth mentioning that such disappointment from the fiscal talks have lately weighed on Wall Street.
Read: Wall Street Close: Bulls shudder in the face of dying stimulus hopes
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.