His comments came after Mnuchin on Monday held a conference call with U.S. regulators to discuss plunging U.S. stock markets.The call did more to rattle markets than to assure them. All three major U.S. stock indexes ended down more than 2 percent on the day before the Christmas holiday. We have companies, the greatest in the world, and they’re doing really well. So I think it’s a tremendous opportunity to buy.” U.S. stocks have dropped sharply in recent weeks on concerns over weaker economic growth. Trump has largely laid the blame for economic headwinds on the Fed, openly criticizing its chairman, Jerome Powell, whom he appointed.“They’re raising interest rates too fast because they think the economy is so good.

Source: The Star December 25, 2018 18:11 UTC