Simon Conway

Simon Conway

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Mnuchin says economy headed for fast summer rebound. Do you agree?

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“I think as we begin to reopen the economy in May and June, you’re going to see the economy really bounce back in July, August, September,” Treasury Secretary Steven Mnuchin told Fox News's Chris Wallace over the weekend.

“And we are putting in a unprecedented amount of fiscal relief into the economy. You’re seeing trillions of dollars that’s making its way into the economy, and I think this is going to have a significant impact," he added.

When Wallace pointed out that many do not agree with this Optimism, Mnuchin doubled down: “My own opinion is, again, we have unprecedented amount of liquidity in the system. We’re very sympathetic to all the people that are out of work. But there is enhanced unemployment, there’s the PPP, there’s direct deposits. This is going to put a lot of liquidity. And as businesses begin to open, you’re going to see demand side of the economy rebound.”

So what do you think? Do you agree with the Treasury Secretary?

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