Treasury Secretary Steven Mnuchin said Thursday that market reaction following the Federal Reserve’s two-day policy meeting this week has been completely overblown, and he suggested the central bank may not need to raise rates at all next year if inflation remains low. In an interview with the Fox Business Network, Mr. Mnuchin said he thought markets were disappointed in Fed Chairman Jerome Powell’s comments at a press conference Wednesday, when he said central bank officials expect to raise rates twice next year and didn’t...

Source: Wall Street Journal December 20, 2018 17:15 UTC