TEHRAN, December 25 - Trump's administration list of the dismissed grows in number as he mulls over firing his Treasury Secretary Steven Mnuchin.
TEHRAN, Young Journalists Club (YJC) - The future of the US treasury secretary would depend on whether the market continues to plummet, Bloomberg News familiar with the situation.
This decision of US President, according to Bloomberg, come after the Dow Jones Industrial Average fell.
This is while in late November, Donald Trump dismissed reports that he was dissatisfied with Treasury Secretary Steven Mnuchin's work, tweeting that he was "extremely happy and proud of the job being done by [Mnuchin]".
"There are plenty of people inside the White House who are not fans of Mnuchin who are happy to throw him under the bus. Up until now, he's been protected by the fact that Trump liked him and he's been a loyalist", Stephen Myrow, a former Treasury official and managing partner at Beacon Policy Advisors in Washington, D.C., told Bloomberg.
The developments came a day after Mnuchin tried to reassure financial markets after the Dow Jones Industrial Average dropped by 653 points, following the Dow's worst week since the 2008 financial crisis.
Mnuchin's statement followed Trump tweeting that "the only problem our economy has is the Fed", something that came amid reports that Trump was mulling firing Federal Reserve Chairman Jerome Powell.
On November 23, the Wall Street Journal reported that Trump was allegedly unhappy with Mnuchin, blaming him for the turbulent stock market.
Trump was quick to deny the reports, tweeting that he was "extremely happy and proud of the job being done by US Treasury Secretary Steven Mnuchin".
Source: Sputnik
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