The conversations confirmed that "ample liquidity is available for lending to consumer and business markets", he said.
With investors bruised by the stock market's worst week in seven years, President Trump and Treasury chief Steve Mnuchin have spent recent days trying to ease concerns on Wall Street - with the partial government shutdown as an inconvenient backdrop.
The Treasury secretary left Washington for a Christmas holiday in Mexico's Cabo San Lucas as the federal government shut down over the weekend, while Trump canceled his own planned trip to his Mar-a-Lago resort in Florida and remained cooped up in the White House over the holiday, absorbing a flood of negative news about the markets.
Jake Dollarhide, CEO of Longbow Asset Management, said the Treasury and the Fed do not want to be caught off guard as they were during the 2008 housing crisis and financial crisis.
Spacex halts launch of US military satellite due to winds
GPS III SV01 is the first of an entirely new, next generation GPS satellite created to modernize the GPS constellation. The satellite lifted off from Cape Canaveral Air Force Station, Florida aboard a SpaceX Falcon 9 rocket at 8:51 a.m.
"They're raising interest rates too fast", he said in the Oval Office after a Christmas Day phone call with USA troops.
Mnuchin then spoke with the heads of major U.S. banks on Sunday and issued a statement that evening saying the banks had "ample liquidity".
The broader S&P 500 fell 2.7%, to close more than 19% from its record high, and less than 1% away from the 20% drop that would put it in bear market territory and ending an nearly ten-year bull market in stocks.
Trump told reporters at the White House on Christmas morning that Mnuchin is a "very talented guy, very smart person". "They are doing very well", he noted. The President said Powell and his team "will get it pretty soon".
UFC 232 to be moved from Las Vegas to Los Angeles
Jones responded to the current double champion's posts on Instagram by throwing insults in the comment section, which Cormier responded to quickly.
Citing sources familiar with the matter, the Journal reported that Gay Cohn-Trump's former chief economic adviser-told the White House that Trump's recent tweet calling himself a "Tariff Man" caused a plunge in the Dow Jones Industrial Average and that a former GOP treasury official told the department's current chief-Steven Mnuchin-that Trump's "dysfunctional" leadership was hurting the stock market. "I think it's a tremendous opportunity to buy". "And with markets on edge, the last thing they needed was another issue to worry about", Thin said.
Trump on Tuesday took aim at the Jerome Powell-led Federal Reserve for raising interest rates too fast.
Mnuchin held a call with big bank CEOs on Sunday following the turbulent week on Wall Street. "They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders".
Trump has singled out his handpicked chairman of the Fed, Jerome Powell, for blame, insisting that the bank's interest rate hikes are responsible for the downturn. With the U.S. now showing signs of sluggishness, investors fear they could be spillover effects on the broader global economy.
Turks 'push troops' to town held by Kurds in north Syria
But the extremists are largely confined to a remote desert enclave hundreds of miles (kilometres) to the southeast of Manbij. The town of Manbij has been one area of friction between the USA and Turkey, which has vowed to clear the area of the YPG.
Before that quarter-point rate rise, Trump had complained in a tweet that it was "incredible" for the Fed to consider "yet another interest rate hike".