Trump team downplays stock market's plunge, calling economy's fundamentals strong
by Jim Puzzanghera, Los Angeles Times
Feb 06, 2018
3 minutes
WASHINGTON - Top Trump administration officials and congressional Republicans downplayed Monday's stock market plunge, saying the economy's fundamentals were strong even as they acknowledged the gyrations had gained their attention.
"I'm not overly concerned about the market volatility," Treasury Secretary Steven T. Mnuchin said Tuesday morning at a hearing of the House Financial Services Committee. "The fundamentals are quite strong."
But Mnuchin acknowledged the financial markets were on his mind more than usual.
"I normally would't be looking at
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