Economy

Wall Street CEOs warn Trump: Stop attacking the Fed and credit card industry

January 13, 2026

Wall Street CEOs have expressed growing concerns over President Trump's recent attacks on the Federal Reserve and the credit card industry, marking a shift in their previously supportive relationship. This change follows the signing of the One Big Beautiful Bill, which included significant tax cuts and budget reductions for the Consumer Financial Protection Bureau, prompting a call for Trump to reconsider his stance.

Wall Street CEOs warn Trump: Stop attacking the Fed and credit card industry

Credit: Abcnews

Key Highlights

Wall Street CEOs warn Trump against attacking the Fed and credit card industry.
The relationship between Wall Street and the Trump administration has soured recently.
The One Big Beautiful Bill included tax cuts and budget cuts for the Consumer Financial Protection Bureau.
Trump's bank regulators have been advocating for a deregulatory agenda.
CEOs are concerned about a proposed 10% cap on interest rates.

1 US

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Wall Street CEOs warn Trump: Stop attacking the Fed and credit card industry

Key Highlights

Sources

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