The President’s comments follow the Federal Reserve's release of a statement earlier on Friday, stating that it was “grateful” for the President’s encouragement to complete its renovations.
The central bank also stated that it remains committed to being careful stewards of the resources at its disposal as it completes the renovations to its headquarters.
On Thursday, the major averages closed on a mixed note, with a fall in weekly jobless claims and some positive earnings reports helping the S&P 500 Index and the Nasdaq Composite to hit fresh highs.
A wave of U.S. trade deals with key allies over the past 24 hours reignited Wall Street's rally and boosted investor risk appetite across global markets.
The plan proposes loosening regulations and expanding energy supply for data centers, urging the federal government to withhold funding from states that have regulations hindering the development of emerging technologies.
Declines by overbought IT and communication services stocks weighed down on the Nasdaq Composite Index, which snapped its six-session winning streak and ended shy of its record high.
President Donald Trump emphasized that he’s repeatedly asked ‘Too Late’ Powell to lower interest rates, citing Europe’s consecutive rate cuts in comparison.
Wall Street opened the week on a risk-on footing, with the S&P 500 and the Nasdaq 100 extending record highs as strong earnings reinforced confidence in corporate America and investors continued to shrug off trade tensions.
