Trump Economic Messaging Shift

Benzinga

Trump is refocusing economic messaging on affordability with proposals targeting credit costs and housing, though economists doubt the measures will materially ease price pressures.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street

00:02President Trump is shifting his economic messaging toward affordability after previously dismissing

00:07the issue, according to the Wall Street Journal. The president has rolled out proposals aimed at

00:12lowering consumer costs while challenging Wall Street interests. These include a proposed 10%

00:17cap on credit card interest rates, banning large investors from buying single-family homes,

00:22and directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds to

00:27lower borrowing costs. The face is a tough challenge easing high prices before the midterm

00:32elections, as economists say his proposals are unlikely to materially change economic conditions,

00:38weighing on consumer sentiment. Prices remain about 25% higher than five years ago as tariffs

00:43and disruptions have pushed up costs for items like coffee. A weaker job market, unaffordable housing,

00:49and rising health care premiums continue to strain consumers. For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended