Trump Advocates for Lower Interest Rates and Announces Major Investment Plan

According to PANews, U.S. President Donald Trump has called for the Federal Reserve to reduce interest rates to below 1%. In addition, Trump is set to unveil a $70 billion investment plan focused on artificial intelligence and energy in Pennsylvania on Tuesday. This initiative marks the latest effort by the White House to accelerate the development of emerging technologies. A government official disclosed that Trump will reveal the details of these new plans at an event in the suburbs of Pittsburgh. The investments from various companies will include the construction of new data centers, expansion of power generation capabilities, upgrades to grid infrastructure, and the introduction of AI training programs and apprenticeship schemes. The event will be hosted by Republican Senator McCormick, with industry leaders from the AI and energy sectors, including up to 60 corporate executives, expected to attend. A spokesperson for McCormick stated that Blackstone Group President Gray will announce a $25 billion plan for data center and energy infrastructure development, which is projected to create approximately 6,000 construction jobs and 3,000 long-term positions annually. Blackstone Group has not yet commented on the matter.