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Treasury secretary urges markets to shrug off worries over tax cuts, debt
By Saleha Mohsin
Thursday, February 22, 2018
Treasury Secretary Steven Mnuchin brushed aside signs that investors are nervous about rising prices and criticism that growing debt will harm U.S. economic security, declaring that President Donald Trump’s policies won't cause inflation.
"There are a lot of ways to have the economy grow," Mnuchin said in an interview aboard a train to Philadelphia on Thursday, where he toured the U.S. Mint. "You can have wage inflation and not necessarily have inflation concerns in general."
He also said he isn't concerned about foreign investment in new U.S. debt, which analysts expect will exceed $1 trillion this year. ...
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