PANews July 15 news, U.S. President Trump: The Federal Reserve should lower interest rates to below 1%.
In addition, Trump will announce a $70 billion artificial intelligence and energy investment plan in Pennsylvania on Tuesday, which is the latest move by the White House to accelerate the development of emerging technologies. According to a government official, Trump will reveal the details of these new plans at an event in the suburbs of Pittsburgh. Investments from multiple companies will cover the construction of new data centers, expansion of power generation capacity, upgrading of grid infrastructure, and the launch of artificial intelligence training programs and apprenticeship programs. This event will be chaired by Republican Senator McCormick. Leaders from the artificial intelligence and energy industries, including up to 60 corporate executives, are expected to attend the event. A spokesperson for McCormick stated that Blackstone Group President Gray will announce a $25 billion plan for data center and energy infrastructure construction at the meeting, which is expected to create about 6,000 construction jobs and 3,000 long-term jobs annually. Blackstone Group has not commented on this matter.