New York Stock Exchange opening bell to be rung from Oval Office for Trump Accounts launch
The New York Stock Exchange will be opened from the Oval Office next week to mark the opening of Trump Accounts, White House economic adviser Kevin Hassett said Monday.
“We’re having a big opening bell ceremony next week where Nasdaq and the New York Stock Exchange are going to ring the bell from the Oval for the first time together, and they’re doing that to celebrate the accounts,” Hassett, the director of the National Economic Council, said on CNBC.
Families will be able to start contributing to the accounts — which would provide parents of children born between 2025 and 2028 with $1,000 to invest — on July 4.
Hassett praised the accounts, which he said give every child born in the US “a stake in the game,” and suggested there’d be a political effect as well.
“It’s basically, I think, hard to be a socialist if you have capital, and so my view is that the political effect of this dynamic is going to be enormous,” Hassett said.
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