Former Treasury Secretary Steven Mnuchin said Wednesday he believes “people are overreacting a bit” to the policy changes from the current Trump administration.

Former Treasury Secretary Steve Mnuchin believes that the economy is not in trouble and that people are overreacting to the new administration's policy changes.

U.S. President Donald Trump's former Treasury Secretary Steven Mnuchin said on Wednesday that tariffs on U.S. imports are necessary to rebalance trade more in favor of the world's largest economy, but cautioned that financial markets need more clarity.

Former Treasury Secretary Steven Mnuchin said that the market may be "overreacting a bit" to policies rolled out by the new Trump administration.