and joining us now a man at the uh
the epicenter of nearly every major
issue of facing the administration
the government and the country treasury
secretary steven mnuchin
uh mr secretary it is great to have you
with us
let's turn first to the insistence the
obstinacy of nancy pelosi
saying that there just isn't a deal
unless you do it her way
you're where are we what do you think's
going to unfold
lou it's great to be back with you and
unfortunately the speaker and senator
schumer just don't want to negotiate in
good faith they've refused to meet
we reached an agreement on many many
issues
but they said unless we come out with a
top line they won't even give us details
as to what they're interested
so again i think it's bad faith and
unfortunately
the president wants us to help with more
money for kids and jobs and
we can put over another trillion dollars
into the economy quickly as i've said
before if that's not enough
and the speaker thinks we needed to do
more we can always come back and do more
but
we are having a great economic come back
as we've reopened the economy
we're getting more jobs back but there's
still a lot of work done the president
is not done with his work until we get
everybody back to work
without question and as he's
demonstrated once already
in his first term i let's go back to
pelosi because this looks like a suicide
pact among schumer
and pelosi and the radical dems they're
facing
uh all sorts of blow back from their
effective empowerment
of antifa uh black lives matter
and the others who are carrying out such
vicious violence across democrat-run
cities in this country
how is there any way in which the the
administration can me
move forward with those folks in control
particularly schumer and pelosi well
we're going to keep trying because it's
too important for the american people
mark meadows and i have been hosting
daily calls with mitch mcconnell and the
republicans
in the senate and we've been keeping
kevin mccarthy and his team up to date
and hopefully mitch will enter new
legislation next week that again
kids jobs liability protection for small
businesses
as you know there's still too many small
businesses that have been hurt by this
have nothing to do with their own issue
parts of the economy have opened very
quickly parts of the economy are still
suffering
they are and at the same time we're
seeing a remarkable
recovery and rebound uh there are great
pockets of uh deep
deep economic pain
but overall we're seeing some astounding
resilience in this economy the federal
reserve maybe you can help me with the
federal reserve
jerome powell saying that he has
discovered the phillips curve is no
longer
in effect as best i could understand his
policy decision
give us your reaction to what he has
decided which is
to have two percent targets that really
don't
mean much anymore to the fed well let me
just first say i think that chairman
powell and the entire fed has done an
extraordinary job
in this crisis uh the covet issues and
really working with treasury we've stood
up an enormous amount of emergency
facilities
that that's part of the reason why we
have the economy reopening the way we do
i think the fed's issue is they've been
trying to get inflation up for a long
period of time there hasn't been much
inflation
i think what they're saying makes common
sense that if you want to average two
percent inflation there'll be times when
you run higher and times you run lower
yeah i thought it made a lot of sense to
basically do what the president had said
why don't you look at the markets
make a determination and don't be
reflexive and anticipatory
in judgments that are almost always
wrong when you put the fed
in charge of assessing the economy i
don't know many times that they've been
correct
particularly first-time efforts by
first-time
fed chairman i know mr powell is a
friend of yours and i have the greatest
respect for both of you
uh but it is a it is a odd fed
that we've got right now uh sort of just
rediscovering uh
economic reality uh let's turn to if we
may the
the virus and the administration's
response to it
out comes the cdc saying that six
percent
of the deaths that have been reported
here amongst them specifically 161
000 only six of them were solely
uh attributable to covid19
or sars code two
disease i i mean what is going on
with our public health agencies this is
becoming
alarming the degree to which we're
getting new information
and different takes on what has actually
been going on here now for six months
well lou is as you said that's a very
important statistic that they just put
out
and as we've been saying all along for
most people
this is not a life-threatening situation
it's really just a life-threatening
situation for people who are at high
risk with other issues
but we've made enormous progress and i
think you're going to see enormous
progress on vaccines quickly between now
and the end of the year
last week the president made a major
announcement with 150 million
new point of care tests so they can be
distributed to every school in the
country so
schools can get open safely so this is
really about
making sure our kids can be at school
and our small businesses can get back to
work
uh and hopefully our public health
agencies can get the facts straight
uh at least in in the reporting uh it it
it's
uh it's got to be frustrating uh is the
president frustrated are you frustrated
by that kind of revelation
you know lou the president's never
frustrated he's always demanding better
information more information
pushing all of us to make sure we're
working around the clock
the president is absolutely focused as
i've said to kill this virus and get the
economy back to where it was
the greatest economy we had going on
before this
well mr secretary i know you're working
full-time and uh
you worked so hard there's so many uh
issues that we could take up i hope
you'll come right back
as soon as possible to continue the
conversation