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Mnuchin In Damage Control Mode After Trump Remarks

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“In a precautionary move, Treasury Secretary Steven Mnuchin spent Sunday on the phone speaking with the chief executives of six of the country’s largest banks to avoid yet another market whiplash when Wall Street opens Monday,” CNN reports.

“The secretary… tried to get ahead of further market jitters following reports that President Trump was consulting advisers about whether he had the legal authority to fire Federal Reserve Chairman Jerome Powell.”

Axios: “It’s unclear Trump would have the legal authority to take such action. Such a move would also undermine international faith in the Fed.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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