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JUST IN: 🇺🇸 President Trump confronts Federal Reserve Chairman Jerome Powell on renovations 👀https://t.co/q3KPLTC8Lv ...

JUST IN: 🇺🇸 President Trump tours the Federal Reserve building with Jerome Powell 👀 https://t.co/AN8JvIUJ6b ...

💥BREAKING:PRESIDENT TRUMP IS ON HIS WAY TO THE FEDERAL RESERVE NOW TO PRESSURE POWELL TO CUT RATES! https://t.co/A1LRFluJ2C ...

Senator Tim Scott asks Jerome Powell to provide more information about the $2.5 billion renovation of the Federal Reserve headquarters https://t.co/HPBjr6gqCz ...

💥BREAKING:PRESIDENT TRUMP IS SCHEDULED TO VISIT THE FEDERAL RESERVE TOMORROW. https://t.co/oNGRll6RKK ...

🇺🇸 JUST IN: President Trump is scheduled to visit the Federal Reserve tomorrow. https://t.co/TXjHBVyOJ0 ...

Donald Trump will personally visit the Federal Reserve on Thursday, amid escalating criticism over the central bank’s renovations https://t.co/q05Xhi2C9Z ...

JUST IN: 🇺🇸 President Trump to visit the Federal Reserve tomorrow. ...

Capex Boom & Economic Growth - Business equipment production rose 23% in Q1, and GDP accounts showed a 24% increase [4] - Q2 showed a near 11% increase, resulting in a 17% annualized gain over two quarters, the largest since 1997 (excluding the pandemic) [4][5] - The extension of tax policy incentivized companies to invest in capital [6] - Expects capex trajectory to remain strong, fostering upward pressure on wages [7] - Sees potential for a "blue wages boom" with non-supervisory production workers earning bigger paychecks [7] - The administration's outlook is based on 3% growth, considered doable due to productivity trends and labor force participation [18][20] - Expects AI boom to generate quicker payoffs from capital investment [20] - If growth reaches 3%, there could be an additional $4 trillion not counted by the CBO, potentially alleviating deficit concerns [21] Tariffs & Inflation - Tariffs have not had the expected effect on price data, with most of the tariff being absorbed in the margin [12] - The majority of the tariff has been absorbed in the margin [12] - The US could be collecting $300 billion in tariffs, but inflation data has been minimal [13] - Energy costs and capex tend to be disinflationary, offsetting potential lingering effects from tariffs [14] International Trade & Investment - Japan will commit over $500 billion (550 billion) to the US through an innovation fund [16]