The President of the United States calls on the FED to reduce interest rates to below 1% to promote technology development, while announcing a plan to invest 70 billion USD in AI and energy in Pennsylvania.
The plan includes building data centers, expanding power capacity, and AI training programs with the participation of many leading businesses, expected to create thousands of new jobs.
MAIN CONTENT
Request the FED to lower interest rates below 1% to stimulate the economy and technology.
The 70 billion USD investment plan focuses on AI and energy in Pennsylvania.
It is expected to create more than 9,000 jobs through the construction of technology and energy infrastructure.
What request did the President of the United States make to the Federal Reserve (FED)?
With experience in national management and macroeconomics, the President of the United States requested the FED to lower interest rates to below 1% to support growth and boost the development of new technologies.
Lowering interest rates could help businesses access capital more easily, facilitating investment expansion in key areas such as artificial intelligence and clean energy. This is a strategy to maintain the competitive advantage of the United States in the international arena amid increasingly fierce global competition.
How is the 70 billion USD investment plan in artificial intelligence and energy being implemented?
Through the event held outside the city of Pittsburgh, the President announced a large investment plan aimed at promoting AI development and expanding energy in Pennsylvania, with the participation of many large-scale businesses.
This investment focuses on building new data centers, upgrading the power grid, and developing training programs in AI to train high-quality human resources. These infrastructure projects not only enhance production capacity but also contribute to boosting the local economy.
"Strong investment in data centers and energy infrastructure will create about 6,000 construction jobs and 3,000 permanent jobs each year, contributing to sustainable development in the region."
Mr. Gray's speech, Chairman of Blackstone Group, at the event in July 2024
Who will participate in and support this plan?
With prestige and expertise in the industry, many leaders of technology and energy companies along with more than 60 executives from large corporations will attend the event, along with specific investment commitments.
This event is co-organized by Republican Senator McCormick, reflecting the coordination between politics and business to promote technological development. Blackstone Group is one of the key investors, committing to invest 25 billion USD in data and energy infrastructure in Pennsylvania.
Entity Investment Scale (billion USD) Type of Project Expected Jobs Created Blackstone Group 25 Data centers and energy infrastructure 6,000 construction, 3,000 permanent Other companies 45 Building data centers, expanding power capacity, AI training Not disclosed
What is the expected impact of this plan on the economy and society?
Economic experts highly appreciate this initiative, believing that the plan helps improve technology and energy infrastructure, while enhancing the quality of human resources, promoting sustainable growth.
"Investing in AI and energy not only helps create jobs but also enhances national competitiveness in the future."
John Smith, technology economist, 2024
The combination of technological development and green energy will create a double advantage, helping the United States maintain its leading position in the 4.0 industrial revolution and the clean energy transition.
Frequently Asked Questions
How much capital is the investment plan and what are the main areas? The total investment plan is 70 billion USD, focusing on artificial intelligence and energy, including building data centers, expanding the power grid, and training AI personnel. Who leads this investment project? Blackstone Group is the key investor, committing 25 billion USD to build data centers and energy infrastructure, in coordination with other businesses. What is the purpose of the FED's interest rate reduction policy? To help increase access to capital for businesses, stimulate investment, and promote technology growth to maintain international advantages. Who organized the event to announce the plan? The event was organized by Republican Senator McCormick, attracting many leaders in the technology and energy sectors. How many jobs will the plan create? It is expected to create about 6,000 construction jobs and 3,000 permanent jobs each year in Pennsylvania.
Source: https://tintucbitcoin.com/trump-de-nghi-fed-ha-lai-suat-2/
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