The David Rubenstein Show Steven Mnuchin
Mar 20, 2025
Steven Mnuchin, former US Treasury Secretary under President Trump and founder of a private equity firm, shares insights on economic policies and market predictions. He discusses the potential impact of a 10% duty and anticipates lower interest rates, estimating around 4% for 10-year Treasuries. Mnuchin emphasizes the importance of the debt ceiling and advocates for Social Security reform. He also reflects on his transition from the Treasury to private equity, highlighting the complexities of tax legislation and its effects on economic growth.
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Mnuchin's Continued Involvement
- Steven Mnuchin enjoyed working for President Trump and being part of his first campaign.
- Now, he's focused on private investments but still offers outside help.
Understanding Trump's Agenda
- President Trump rarely criticized Mnuchin publicly during his four-year term.
- Mnuchin attributes this to understanding and shaping the President's economic agenda.
Tariff Recommendations
- Mnuchin suggests a 10% across-the-board tariff, implemented through reconciliation.
- This would raise substantial revenue that can be used for tax cuts, creating market certainty.