Treasury was not concerned about liquidity when Mnuchin called banks: Senior official to CNBC

The U.S. Treasury Department had no concerns about liquidity whatsoever, a senior Treasury official told CNBC's Sara Eisen on Monday.

The calls Treasury Secretary Steven Mnuchin had on Sunday with the heads of the six largest U.S. banks was intended to be a check-in on the Federal Reserve Chairman Powell, government shutdown, trade and the markets, the official said.

"No reason to believe that it was about anything relating to lending and liquidity. The headlines from the bank calls should have really been about the economy and the message from the bank CEOs is that the economy is the U.S. is looking quite strong," the senior official told CNBC.

Mnuchin spoke with J.P. Morgan Chase CEO Jamie Dimon, Bank of America's Brian Moynihan, Goldman Sachs' David Solomon, Morgan Stanley's James Gorman, Tim Sloan of Wells Fargo and Michael Corbat of Citigroup.

"We continue to see strong economic growth in the U.S. economy with robust activity from consumers and business," said Mnuchin in the statement.

This story is developing. Please check back for updates.

CNBC's Sara Eisen contributed reporting.

Let's block ads! (Why?)

from Top News & Analysis https://cnb.cx/2ENCwLy
via IFTTT