March 17, 2020 / 4:37 PM / in 11 days

Trump administration aims to ensure markets stay open, Mnuchin says

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday the Trump administration intends to keep markets open through the coronavirus crisis, although shorter trading hours may be needed at some point.

“I want to just be very clear, we intend to keep the markets open,” Mnuchin said at a White House briefing. “We may get to a point where we shorten the hours, if that’s something they need to do, but Americans should know that we are going to do everything to make sure that they have access to their money at their banks, to the money in their 401(k)s, and to the money in stocks.”

Reporting by Alexandra Alper; Writing by Lisa Lambert; Editing by Tim Ahmann

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