Overview
- Rising living costs and expanding homeownership were central topics at the Wednesday gathering, where President Trump delivered a speech, according to people with knowledge of the event.
- Attendees included Jamie Dimon of JPMorgan, Adena Friedman of Nasdaq, Ted Pick of Morgan Stanley, and David Solomon of Goldman Sachs, with company representatives also confirming Jeffrey Sprecher, Lynn Martin, and Bill Ackman were present.
- Participants exchanged ideas on trading and market reforms as well as immigration policy, a source said.
- Treasury Secretary Scott Bessent said lower long‑term Treasury yields would translate into cheaper mortgages and car loans as the administration pledges to contain borrowing costs.
- JPMorgan’s recently announced $1.5 trillion, 10‑year investment plan—featuring up to $10 billion in direct equity and venture investments in U.S. companies deemed critical to national security—served as a prominent example in the administration’s push.