Steve Mnuchin: ‘We’re Going to See a Significant Slowdown of the US Economy Over the Next 6 Months’

‘After we left, there has been continued trillion dollars of spending. And that’s really what fueled inflation and what’s created very high prices.’

Secretary of the Treasury Steve Mnuchin speaks while President Donald Trump listens during the daily briefing on COVID-19 in the Brady Briefing Room at the White House on April 2, 2020. Mandel Ngan/AFP via Getty Images

Former Secretary of the Treasury Steve Mnuchin warned that the U.S. economy would have a significant downturn this year amid concerns over inflation as the Federal Reserve wants to see prices under control.

During an interview with Fox News on Jan. 31, he said the U.S. economy is facing “significant issues.”