US Treasury Sec Mnuchin: Trump respects Fed's independence; likes low interest rates

US Treasury Secretary Steven Mnuchin, speaking to CNBC this Friday, was noted saying that the US US economic fundamentals are strong and the recent market correction is natural.

Key quotes:

   •  Sees normalization in the yield curve.
   •  Also says that still there is a lot of demand for the US debt.
   •  Trump respects Fed's independence but was clear that he likes low-interest rates.
   •  Powell is doing a good job, understands the regulatory environment.
   •  Says he had a constructive discussion with China on the exchange rate.
   •  Trump will have a meeting with China’s President Xi at G20. 
   •  No specific deadline for China trade talks.

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