Treasury Secretary Steven MnuchinSteven MnuchinThe Hill's Morning Report - Presented by Alibaba - Biden jumps into frenzied Dem spending talks Former Treasury secretaries tried to resolve debt limit impasse in talks with McConnell, Yellen: report Menendez, Rubio ask Yellen to probe meatpacker JBS MORE said Sunday he thinks the economy will rebound from the coronavirus pandemic within months.
Asked on CNN’s “State of the Union” how long it will take before the economy is back to the “strong position” it was in before the pandemic, Mnuchin said, “I think it will be months. I definitely don't think it will be years.”
“We are going to have terrific breakthroughs, I know both not just on the testing but on the medical front we begin to have virals, I think there's things being developed for vaccines which will take a little bit longer,” he added.
Treasury Secretary Steven Mnuchin on an economic rebound: "I think it will be months, I definitely don't think it will be years. We are going to conquer this virus, we are going to have terrific breakthroughs" #CNNSOTU pic.twitter.com/OuNv53kY7f— State of the Union (@CNNSotu) April 19, 2020
Mnuchin said people will also “react positively" if they know that if they “get this disease they will be able to get treatments as well.”
Mnuchin said he expects there will be a big rebound when people get more comfortable with reopening the economy.
Nearly every state across the country has put in place stay-at-home orders in response to the pandemic, shuttering businesses across the country.