U.S. President Donald Trump attends the 56th yearly World Economic Forum (WEF) gathering successful Davos, Switzerland, January 21, 2026.
Denis Balibouse | Reuters
President Donald Trump connected Wednesday urged U.S. lawmakers to walk authorities to bounds recognition paper rates to 10%, pursuing a societal media station this period ordering banks to acceptable that cap.
"I'm asking Congress to headdress recognition paper involvement rates astatine 10% for 1 year, and this volition assistance millions of Americans prevention for a home," Trump said from the World Economic Forum successful Davos, Switzerland.
Shares of banks climbed aft the comments. Analysts including Sanjay Sakhrani of KBW person said its improbable that a paper measure volition person capable bipartisan enactment to go law.
The KBW Bank index climbed 1.9% successful greeting trading.
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