Mnuchin's Attempt to Tamp Down Liquidity Concerns Backfires, Rattles Markets

The transcript discusses unusual actions by the Treasury Secretary, including contacting bank CEOs and tweeting, which surprised markets. It explores liquidity concerns, market sentiment, and the context of these actions amid political unease. The discussion also covers financial conditions, communication from Washington, and the impact of these communications on market reactions.

What was the general outlook of bank CEOs regarding the US economy?

What potential risks did analysts foresee regarding the credit cycle and consumer behavior?