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Kevin Hassett pivots to possible ‘Trump cards' amid credit card battle with banks CNBCTrump's affordability pledge strikes directly at the heart of Wall Street's profit engine CNNAnthony Scaramucci thinks Trump's 'hard-left' move to cap credit-card fees is because he's 'texting back and forth with Mayor Mamdani' FortuneDonald Trump's crusade against usury reaches Wall Street The Economist
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Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.
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The contest to become the next chair of the Federal Reserve took another turn Friday, as President Donald Trump hinted that he may want to keep economist Kevin Hassett in his current White House job.
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The stocks of Constellation Energy and Vistra dropped after investors were spooked by the Trump administration's plan to push large technology companies to help lower electricity prices for consumers.
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The Trump administration agreed to lower tariffs on Taiwanese goods, while Taiwan said it would invest more in U.S. manufacturing.
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Trump Sets Fraudster Free From Prison for a Second Time The New York TimesTrump Live Updates: Venezuela, Greenland, Tariffs and More News The New York TimesTrump Pardons 21: Convicted Fraudster Gets Freed By Trump For 2nd Time ForbesTrump pardons convicted fraudster after earlier clemency grant Yahoo Finance
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Trading desks across Wall Street have benefited in the last year as Trump's policies have roiled markets for bonds, currencies, commodities and stocks.
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Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth
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