Mnuchin Says Coronavirus Will Have Only a Short-Term Impact on US Economy

'America’s Economic Strength and Competitiveness Is a Bright Spot In the World as Other Nations Experience Headwinds,' He Told a House Committee

Secretary of the Treasury Steve Mnuchin at a media conference in the White House briefing room in Washington on Jan. 10, 2020. Charlotte Cuthbertson/The Epoch Times

Treasury Secretary Steven Mnuchin told lawmakers Wednesday that he believed the novel coronavirus would have a limited impact on the economy and praised the Federal Reserve’s emergency interest rate cut.

“This is an issue that’s going to affect the next year,” he told the House Appropriations Subcommittee on Financial Services and General Government on March 4, reported The Wall Street Journal. “It’s not a longer-term impact.”