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MEDIA IN \ Agencies 24 -12-2018
WASHINGTON (Reuters) – US Treasury Secretary Stephen Manuchen said he held private talks with the presidents of the six largest US banks who assured him there was enough liquidity to continue operations normally despite the closure of US government institutions and a turbulent week in the US stock market.
“The six officials confirmed that there is ample liquidity to provide loans to consumers, market operations and all other operations,” Manuchen said in a statement posted on his Twitter account today.
“Markets are working normally,” the minister said.
In a separate statement, the Treasury Department said Monday that Menuchin will hold a telephone call on Monday with a personally-led financial markets group that includes officials from the central bank, stock exchange authorities, commodity market officials and other financial regulators.
“Coordination of efforts to ensure normal market operations will be discussed,” the statement said.
“We continue to see strong economic growth in the US with strong consumer and institutional activity,” said Menuchon, while the central bank cut its growth forecast for 2018 and 2019.
The Treasury Secretary explained that the closure would not affect the main tasks of the ministry, which will have the number of employees sufficient to complete them.
