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Nothing is out of ordinary in markets: US regulators tell Steven Mnuchin

Chaotic five days trigger stock slump and prompts US Treasury Secretary to make hastily organised phone call to US financial regulators.

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Ben Bain and Andrew Mayeda | Bloomberg
Top US financial regulators assured Treasury Secretary Steven Mnuchin during a hastily organised call Monday that they are seeing nothing out of the ordinary in markets, according to a person with knowledge of the discussion, despite a recent stock slump that many traders tied to the US government shutdown and turmoil emanating from the Trump administration.

The call with the President’s Working Group on financial markets, a move that appeared designed to calm nerves, capped a chaotic five days that started with Defense Secretary Jim Mattis announcing his resignation and culminated with Bloomberg News reporting Friday evening that