Treasury Secretary Steven Mnuchin downplayed the likelihood of an economic recession as American economy takes a beating from coronavirus, saying “I don’t think so” when asked about the prospect.
“This is a unique situation,” he told ABC’s “This Week” this morning. “Later in the year, obviously, the economic activity will pick up as we confront this virus.”
In the interview, Mnuchin also defended President Trump’s Oval Office address this week despite its numerous inaccuracies.
“The President was very clear — he wanted to address a very important point, which was he made the move to shut down travel so that we shut down more cases coming in,” Mnuchin said.
Pressed on Trump’s misleading presentation of restrictions on travel from Europe, Mnuchin said, “I don’t think in an Oval Office address you can address every issue.”
Source: CNN News