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.
22:40
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Quick takeaways
- Steven Mnuchin supports a uniform 10% tariff to create market clarity and generate revenue for essential tax cuts.
- He raises concerns about the rising national debt and emphasizes the importance of the debt ceiling as a governance tool.
Deep dives
Reflections on Treasury Secretary Experience
Steve Mnuchin reflects on his tenure as Treasury Secretary under President Trump, emphasizing the significance of tax cuts, trade, and regulatory relief. He highlights the close relationship he maintained with the President, noting that he was not publicly criticized during his term, which he considers an achievement. Mnuchin expresses satisfaction with his current focus on private investments while continuing to advise from outside government. He points out the necessity of maintaining a clear understanding of the administration's economic agenda, underscoring the importance of continuity in that agenda.
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