Trump’s Likely Treasury Pick Is A Former Goldman Sachs Executive

The treasury secretary-designee expected the US annual growth rate to accelerate to between 3 percent and 4 percent.

While the pick has been expected, it might come as a surprise to some of Trump’s supporters who liked the president-elect’s populist messaging and attacks on Hillary Clinton’s ties to Wall Street.

Mnuchin most recently served as Trump’s finance director during his campaign.

Mnuchin is the third Goldman Sachs investment banker to lead the Treasury since 1995. He previously was the Chief Information Officer at Goldman Sachs. Later, he started Dune Capital, a hedge fund that was his entree to Hollywood. He also was an executive producer of the movies American Sniper and Mad Max: Fury Road.

In addition to imposing congressional term limits, Trump also pledged to put an end to government corruption, particularly by foreign interests and Wall Street. The selection puzzled many who watched Trump rail against special interests throughout his campaign, particularly against Cruz.

The election results are not even 30 days old, but President-Elect Donald Trump and his transition team already have named nominations for key cabinet positions.

During that campaign, he pilloried fellow Republican candidate Neel Kashkari – now serving as president of the Federal Reserve Bank of Minneapolis – for his role in overseeing the federal bank bailout programme in 2008 and 2009. We have common goals to help the American people. “The Presidency is a far more important task!” One of those is to roll back the Dodd-Frank Wall Street Reform and Consumer Protection Act, which passed in 2010 and is considered by the Obama Administration to be one of its greatest achievements.

“If we determine we need to label them a currency manipulator, we will do so”, Mnuchin said.

Meanwhile, at least two names rumored over time for the job under President-elect Donald Trump – billionaire investor Carl Icahn and JPMorgan Chase CEO Jamie Dimon – have said in the past they weren’t interested in the job. “To get there, our No. 1 priority is tax reform”. I’ll repeat that, for emphasis: The man responsible for Batman v. Superman may very well be the Treasury Secretary. Mnuchin will replace Secretary Jacob Lew as Treasury Secretary. “He doesn’t have those people here”, Scarborough said.

Mnuchin told CNBC “we believe in fair trade and we believe that’s going to be a big boost to the economy”.

In 2009, Mnuchin led a purchase of failed subprime mortgage lender IndyMac, which was ground zero for some of the worst lending abuses.

Ross is a billionaire investor who’s considered the “king of bankruptcy” for buying beaten-down companies with the potential to deliver profits. One of the good things about Wilbur and I, we have actually been bankers.

After the sale, seven of the groups received .45 million from the foundation.

Mnuchin became chairman of OneWest, which was sold to CIT Group in 2015.