The recent stock market crash could be a "great investment opportunity" for long-term investors, said Treasury Secretary Steven Mnuchin on Friday.
Speaking on CNBC, he made a parallel with the Wall Street crash of 1987, when stocks suffered the largest one-day drop up until yesterday. Mnuchin was himself a trader at the time.
Furthermore, the secretary sees the economy rebounding by the end fo the year. "This is not like the financial crisis, where people don’t know when this will end: We will get through this," he asserted.
