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Fed Chair Powell: We are in a good place to respond to significant economic developments
CNBC Television· 2025-06-18 19:22
Um, your friend down at 1600 Pennsylvania Avenue continues to lob insults in your direction. And I'm wondering given now that the Supreme Court has maybe carved out the Fed from uh some of the legal implications of that whether this is just noise that the markets and everybody should ignore until your term is up or whether you worry that it could lead to more pressure on confidence on Wall Street on consumers about the uh outlook for the economy. Look I from my standpoint it's it's not complicated.What ever ...
Bessent Credits Trump Policies for Inflation Slowdown
Bloomberg Television· 2025-06-11 20:38
Economic Growth & Inflation - The US economy is experiencing renewed vitality due to policy changes in tax and trade [1] - Since January, the private sector has added over 500,000 jobs [1] - US inflation is at its slowest pace since 2020/2021 [1] - Cost increases for shelter, food, and energy are decelerating [2] - Inflation is showing substantial improvement due to the administration's policies [2] Labor Market & Confidence - The labor market remains strong with low unemployment and high job openings [3] - Stock market performance and consumer confidence data exemplify the labor market's strength [3]
Commerce Secretary Howard Lutnick attempts to calm concerns over Trump's 'gold card' visa pitch
Fox Business· 2025-02-27 00:51
Core Points - The "gold card" visa proposal by President Trump aims to attract foreign investors to the U.S. by allowing them to buy citizenship for $5 million, potentially replacing the existing EB-5 Immigrant Investor Program [2][3] - Commerce Secretary Howard Lutnick emphasized that applicants for the "gold card" will be thoroughly vetted and are expected to contribute to the U.S. economy by creating jobs and paying taxes [1][4] - There are currently about 250,000 individuals waiting for the "gold card" visa, which could generate $1.25 trillion if all are sold, and if a million are sold, it could amount to $5 trillion, significantly impacting U.S. debt and interest rates [4] Summary by Sections Visa Proposal - President Trump proposed a "gold card" visa that would allow foreign investors to gain U.S. citizenship for a $5 million investment, which is a shift from the EB-5 program [2][3] Economic Impact - The introduction of the "gold card" visa is expected to bring in substantial revenue, with Lutnick suggesting that selling a million cards could generate $5 trillion, which could help pay off national debt and lower interest rates [4] Vetting Process - Lutnick assured that the applicants for the "gold card" visa will be vetted, and they are expected to bring entrepreneurial skills and growth potential to the U.S. economy [1][4]
X @Jeff Bezos
Jeff Bezos· 2025-01-21 02:40
The peaceful transfer of power is a hallmark of America, and it’s been an honor to witness it up close. Congratulations to President @realDonaldTrump and Vice President @JDVance. Excited to collaborate on accelerating innovation and supercharging the American economy. https://t.co/u7sqLlXRUj ...