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- Mnuchin: The Fed Is Data Dependent, Won't Speculate on Fed Moves
Mnuchin: The Fed Is Data Dependent, Won't Speculate on Fed Moves
Fed's Projections Substantially Below Ours Coming Into 2018
We Believe We'll Deliver 3% or Higher Growth
Still Confident We Can Deliver 3% Growth in 2019
Think Will See Rebalancing out of Bonds Into Equities
We Are in Close Contact With Fed on Treasury Issuance
Fed Simply Reinvesting Assets at a Lower Rate
Downsizing Balance Sheet Now Gives Fed Capacity to Respond to Weakness Later
We're Comfortable With Treasury Supply, Not as Worried as Markets Appear
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