Moody's Downgrades US Credit Rating, Treasury Secretary Calls It a Lagging Indicator
Moody's recently downgraded the United States' credit rating from 3A to 3B, sparking widespread attention and discussion. US Treasury Secretary Steven Mnuchin stated in a media interview that this rating change is a 'lagging indicator' and questioned its actual impact, emphasizing, 'Who cares?'
Mnuchin pointed out that Moody's ratings should consider longer-term economic trends rather than short-term fluctuations, asserting that the US economy remains robust and capable of facing various challenges.
