I have confidence in Mnuchin and Powell

I have confidence in Mnuchin and Powell

"We continue to see strong economic growth in the United States economy with robust activity from consumers and business", Mnuchin was quoted in the statement as saying, adding that he would convene a call with the President's Working Group on financial markets later Monday.

Treasury Secretary Steven Mnuchin on Monday hosted a call with the president's Working Group on Financial Markets, a body known colloquially as the "Plunge Protection team", which normally convenes only during times of heavy market volatility.

After the Federal Reserve announced its plan to raise interest rates somewhere between 2.25 percent to 2.5 percent, Trump responded today with, "The fact is that the economy is doing so well that they raised interest rates".

"The markets are in panic mode that the United States economy is tanking", Stephen Innes, head of Asia-Pacific trading for online broker Oanda, told CNN Business.

On Sunday, Mnuchin made calls to top US bankers and got reassurances that banks were still able to make loans, the Treasury said.

Trump kicked off Christmas Eve day with a tweet comparing the Federal Reserve-and by implication, its Chairman Jerome Powell-to a bad golfer.

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President Trump criticized Federal Reserve interest-rate increases and said on Tuesday a partial USA government shutdown wouldn't end until Congress funded a wall along the border with Mexico, holding firm on his policy stances against the backdrop of a global economic slowdown and an extended world-wide stock plunge.

In an interview with NBC's "Meet the Press" on Sunday, Sen.

"The outsized moves are not reflective of the current USA economic landscape, but that seems to matter little so far as fear mongering continues to permeate every pocket of global capital markets", Stephen Innes of OANDA, a currency trading platform, said in a market commentary.

And there was more excitement on October 3: "The Stock Market just reached an All-Time High during my Administration for the 102nd Time, a presidential record, by far, for less than two years".

USA equities extended a weeks-long slide into Christmas Eve, dragging the benchmark S&P 500 index to its lowest level in 20 months. Trump had to have been told by Mnuchin that this was not under Trump's sphere of influence and rights as president. A Treasury Department statement indicated there was little alarm among them. The Trump administration says the wall is crucial to national security while opponents of the barrier claim it will not solve the country's immigration problems.

Imagine being able to invest in winning stock after winning stock... then rolling your winnings into more and more stocks, also only heading north.

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Representative Maxine Waters, the top Democrat on the House of Representatives Financial Services Committee, said in a statement that Trump and Mnuchin's actions "have been erratic and are creating uncertainty and instability in the markets". Homebuilders fell on new data showing US home price growth slowed in October. The current government shutdown is certainly not helping the situation. The president's musings about firing Powell and the abrupt departure of Defense Secretary James Mattis add to the sense of turbulence. Regulators on the call said they were not seeing anything out of the ordinary in financial markets during the recent selloff, according to two sources familiar with the matter. Gains in big retailers and technology companies outweighed losses in banks and household goods stocks.

In addition to frequently criticizing the Fed's rate hikes this year, Trump has gone after Powell several times, telling Reuters in August he was "not thrilled" with his own appointee.

When was the last bear market?

On average, bull markets last 4.5 years. He also mentioned high-frequency trading, an industry practice that has been common for more than a decade.

His comments on Tuesday came after Mnuchin held a conference call with USA regulators on Monday to discuss plunging United States stock markets.

The markets were closed on Tuesday because of the Christmas holiday.

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"The market is saying they are not engineering a soft landing, but a hard landing, in other words perhaps a policy mistake", she said. Mnuchin wrote that Trump told him he "totally" disagrees with Fed policy, calling it "an absolute awful thing to do at this time".

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