Recently, there has been a noticeable increase in nostalgia for Steven Mnuchin, the former Treasury Secretary during President Donald Trump’s first term. Mnuchin’s tenure was marked by significant economic events such as the 2017 tax cut bill and the economic relief deal during the COVID-19 pandemic. He was instrumental in maintaining calm about the debt ceiling and reassuring markets. Mnuchin served as a Wall Street whisperer in the White House, providing stability and competence. With current market meltdowns under Trump 2.0, many on Wall Street wish for a Mnuchin-like figure to return. The new administration focuses more on tariffs and Silicon Valley than Wall Street, creating uncertainty and concern among investors. The absence of a reassuring figure like Mnuchin leaves investors uneasy about potential recessions and tariff impacts. — news from Business Insider
