US Treasury Sec. Mnuchin: Hopeful that tax reform will be done by end of 2017

Eren Sengezer FXStreet

US Treasury Secretary Mnuchin delivered his remarks on CNBC with the key quotes, via LiveSquawk, found below:

Storms will have GDP impact
Working closely with Trump on Fed Chair decision
Yellen is being considered for Fed Chair, along with other candidates
Hopes to pass tax reform on bipartisan basis
Prepared to use reconciliation procedures if can’t get 60 Senate votes on taxes
Doesn’t know if 15% corporate tax rate is achievable
Worried about debt as it passes $20 trillion
Hopeful that tax reform will be done by end of 2017
Trump still wants healthcare reform but not a major focus
Trump will demand in September increase in military spending
In regard to North Korea, economic warfare works
If China doesn’t follow UN sanctions, Treasury will sanction Beijing

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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