The U.S. Treasury secretary Steve Mnuchin said on Sunday he held a series of phone conversations with top American bankers in what appeared to be a bid to ease nerves in financial markets, which have been steeped in turmoil for the last month.
“Today I convened individual calls with the CEOs of the nation’s six largest banks,” Treasury Secretary Steven Mnuchin said in a Twitter post.
Mnuchin says the CEO’s indicated that they’re in good condition to maintain the markets and their everyday functioning.
Tomorrow, Mnuchin is slated to meet with a group of government banking and finance officials that includes the Board of Governors of the Fed and members of the Securities and Exchange Commission.
The series of calls and meetings comes amid a rocky period for the government and markets.
The government began what many politicians have projected to be a potentially lengthy partial shutdown Friday. Reports surfaced at the same time that President Donald Trump sought to fire Fed chairman Jay Powell after the bank increased interest rates for the fourth time under his leadership.
Markets have also seen high volatility over the last month. Last week, the Dow fell by nearly 7 percent, showing the worst weekly average since 2008.