US Treasury Sec Mnuchin: Market overreacted to Fed’s comments

U.S. Treasury Secretary Steven Mnuchin is now out on the wires, delivering the key quotes found below.

• Market overreacted to Fed’s comments.
• If low inflation continues, Fed rate path may change.
• DoJ action separate from trade talks with China.
• Cites he focuses on Fed’s inflation projection.
• Still confident we can deliver 3% growth in 2019.
• Think will see rebalancing out of bonds into equities.

Source Reuters.