Treasury Secretary Steven Mnuchin believes the U.S. economy will swiftly 'bounce back' from the coronavirus crisis over the summer.
Treasury Secretary Steven Mnuchin believes the U.S. economy will swiftly"bounce back" from the coronavirus crisis over the summer., the former Goldman Sachs banker said as the nation's small businesses begin to reopen in May and June, the economy will quickly rebound in July, August and September.
His reentry projection is based on the government's stimulus package which is set to pump trillions of dollars into small businesses and checking accounts for weeks to come. The relief trickled out after millions lost jobs and nonessential businesses were instructed to close shop until further notice because of COVID-19.
His light-switch rebound projection aligns with sentiments shared by President Donald Trump, who said in a recent news briefing that the nation's financial conditions will improve swiftly.
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