…Because of course, it’s Steve Mnuchin’s fault the stock market’s down, not any of those stupid trade “policies” or the idiocy of threatening post-WWII economic and security alliances. And leaking this to Bloomberg isn’t some ploy, because you don’t still believe in Santa, do you… Individual-1? More Quantitative Sleazing.
— ᴹᴬᴿᴷ (@mademarest) December 25, 2018
President Trump has weighed dismissing Treasury Secretary Steven Mnuchin, a source familiar with the president’s thinking told Bloomberg News.
Another source told Bloomberg said that Mnuchin’s future at the helm of the Treasury Department depends on whether the market continues to drop.
Trump’s unhappiness with his treasury chief was reported the day after Mnuchin released a statement seeking to reassure financial markets as stocks continued to plunge. Mnuchin’s statement came following reports that Trump was considering firing Federal Reserve Chairman Jerome Powell.
Trump has reportedly asked if some of his advisers could meet with Powell, which would undermine Mnuchin’s authority, according to Bloomberg. Mnuchin meets with Powell every week and the Treasury chief is typically tasked with relaying the White House’s views.