Steve Mnuchin: "Now is not the time to worry about shrinking the deficit"

Now is not the time to worry about shrinking the deficit or shrinking the Fed balance sheet. There was a time when the Fed was shrinking the balance sheet and coming back to normal. The good news is that gave them a lot of room to increase the balance sheet, which they did. And I think both the monetary policy working with fiscal policy and what we were able to get done in an unprecedented way with Congress is the reason the economy is doing better. 

~ Treasury Secretary Steve Mnuchin, interview on CNBC’s "Squawk Box” from the White House, September 14, 2020