US EditionTrump touts investment accounts for kids alongside billionaires, celebrities
The Treasury’s program offers $1,000 seed money for newborns’ investment accounts with potential growth to $50,000 by 18, but public awareness remains low at 57%, Reuters found.
- On Jan. 28, 2026, U.S. Treasury Secretary Scott Bessent told reporters `Absolutely not` on intervention and reaffirmed that the `U.S. always has a strong dollar policy, but a strong dollar policy means setting the right fundamentals.`
- The U.S. dollar index fell 1.3% on Tuesday, its biggest one-day slide since April, while Reuters reported last week that the New York Federal Reserve reviewed dollar-yen rates, seen as a precursor to intervention.
- The dollar rose 0.5% to 96.391 as Bessent's remarks boosted the U.S. dollar index from recent lows, and gold climbed past $5,300 per ounce.
- Traders intensified dollar selling ahead of a Federal Reserve policy decision, while President Donald Trump said, `They devalue, because it's hard to compete when they devalue.`
- Structural pressures such as interest-rate uncertainty, tariffs and rising U.S. fiscal deficits keep the dollar under pressure, while Bessent said, `I think that the message is that independence does not mean no accountability.
84 Articles
84 Articles
The Trump Accounts Have Received Pledges from Multiple Individuals and Corporations
The Trump administration's children's investment accounts, also known as Trump Accounts or Section 530A Accounts, have inadvertently sparked concerns about economic inequality and over who can potentially benefit more from the policy. The Trump Accounts were created with the single goal of reducing the wealth gap in the US through investing from birth and by encouraging families to start saving. Trump Accounts are investment accounts for newborn…
President Donald Trump has officially unveiled a program of investment accounts for babies in the United States, which is implemented with government support, and called on American companies to make contributions to the family accounts of their employees.
Bessent Calls Trump Accounts 'Rainy Day Funds' And Slams 'Out of Touch' Critics As JPMorgan, BofA Back Plan - Bank of America (NYSE:BAC), Bank of New York Mellon (NYSE:BK)
Treasury Secretary Scott Bessent on Wednesday discussed how the newly introduced “Trump Accounts” could serve as “a rainy day fund” for the children when they reach adulthood. Bessent Dismisses Wealth Gap Concerns Critics have warned that Trump Accounts could widen the U.S. wealth gap, as wealthy families can contribute the full $5,000 annually while lower-income households may struggle to save. However, Bessent, in a conversation with CBS Satur…
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