Treasury Secretary Mnuchin says Fed doing the right thing by winding down its balance sheetTreasury Secretary Mnuchin says Fed doing the right thing by winding down its balance sheet 1 Hour Ago | 00:43 Treasury Secretary Steven Mnuchin told CNBC on Tuesday that Janet Yellen's Federal Reserve is doing the right thing by winding down its balance sheet. In an appearance on "Squawk Box," Mnuchin said he spoke with the Fed chief on what policymakers are trying to do. "We think it's the right thing for them to get out of their large portfolio. It was something that they did in a unique period of time and obviously, it ... (full story)