Economy

President Trump Initiates Creation of US Sovereign Wealth Fund to Boost National Investments

President Trump Takes a Bold Step Towards National Prosperity

In a significant move aimed at bolstering the nation's economic framework, United States President Donald Trump has signed an executive order to establish a US sovereign wealth fund. This initiative, which was a part of his campaign promises, is set to redefine America's investment strategies on a global scale.

Leadership and Timeline

The responsibility of spearheading this ambitious project has been entrusted to Treasury Secretary Scott Bessent and Commerce Secretary nominee Howard Lutnick. The team is expected to lay the foundation for the fund within the next 12 months, marking a new era in American economic policy.

A Vision for the Future

"We will create America's own sovereign wealth fund to invest in great national endeavors for the benefit of all the American people," stated President Trump. He also hinted at the potential involvement of Wall Street and corporate leaders, who could play a pivotal role in advising and recommending investments, thereby ensuring the fund's success and sustainability.