Mnuchin ‘Content’ With Yield Curve, Breaks With Trump on Powell

US Secretary of the Treasury Steven Mnuchin, gestures during a press conference in Buenos Aires, on July 22, 2018, at the end of the G20 Finance Ministers and Central Bank Governors meeting. - Group of 20 finance ministers warned on Sunday that "heightened trade and geopolitical tensions" posed risks to global economic growth as two days of meetings came to a close. (Photo by EITAN ABRAMOVICH / AFP) Photo credit should read EITAN ABRAMOVICH/AFP/Getty Images

Treasury Secretary Steven Mnuchin said he’s “not at all concerned” about the convergence of short-and long-term market interest rates at a time when some investors are worried the flattening yield curve signals a U.S. recession is coming.

Having a flat curve is something the Treasury is “perfectly content with,” given the government’s issuance of long-term debt, he said in an interview Aug. 28, on CNBC. Mnuchin also said he doesn’t view the curve as a predictor of economic growth.