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]

Treasury Secretary Scott Bessent said that there’s “no rush” to identify a successor to Federal Reserve Chair Jerome Powell https://t.co/tMnHjvr54I ...

US-Japan Trade Agreement - The US and Japan have reached a trade agreement involving reciprocal tariffs, particularly on autos, with Japan proposing an innovative solution involving equity, credit guarantees, and funding for major projects in the US [5][6] - Japan will provide new capital targeted at strategic industries in the US to de-risk supply chains, especially in areas like medicine and semiconductors [6][7] - The agreement includes a 15% tariff rate for Japan, specifically for reciprocal tariffs on autos, which is linked to Japan's innovative financing mechanism [5][6] - The 15% tariff rate for Japan is considered a result of their innovative package, with President Trump pushing them to do even more [10] US-EU Trade Relations - The EU has not yet presented an innovative package similar to Japan's, but trade talks are progressing [11] - The EU is reportedly preparing to impose 30% tariffs on €100 billion (approximately $107 billion USD) worth of goods if no deal is reached [12] - The US views itself as a deficit nation compared to the EU's surplus, suggesting that trade escalations would impact the EU more [13] US-China Trade Relations - The US is in a good place with China and can start moving on to bigger discussions, with the potential for a rebalancing of the US-China relationship [14][15] - The US aims to bring back precision manufacturing and wants China to become more of a consumption economy [15] - Discussions with China will include purchasing agreements, especially for agriculture, with a focus on rebalancing the trade relationship [16][17] - Regular meetings with China are planned, with no desire to decouple but a need to de-risk part of the US supply chain [19] Federal Reserve and Monetary Policy - The Treasury Secretary believes the Federal Reserve's analysis of tariffs is off, as they have seen very little price pressure from tariffs [26] - The Treasury Secretary suggests the Federal Reserve should conduct an internal review to separate monetary policy from other activities [31] - The Treasury Secretary believes that regulation has been too stringent since the great financial crisis, leading to a build-up outside the regulated financial system, with private credit up ten times [36]