Trump: We must keep the government open

Thank you. It is a pleasure to be back here in Rhode Island. The last time I had the opportunity to speak to the Greater Providence Chamber of Commerce was in the fall of 2019. I noted then that, "if the outlook changes materially, policy will change as well." Little did any of us know! Just a couple of months later, the COVID-19 pandemic arrived. Both the economy and our policy evolved dramatically in ways no one could have predicted. Along with actions by Congress, the Administration, and the private sector, the Fed's aggressive response helped stave off historically severe downside risks to the economy. The COVID pandemic came on the heels of the painfully slow decade-long recovery from the Global Financial Crisis. These two back-to-back world historical crises have left behind scars that will be with us for a long time. In democracies around the world, public trust in economic and political institutions has been challenged. Those of us who are in public service at this time need to focus tightly on carrying out our critical missions to the best of our ability in the midst of stormy seas and powerful crosswinds. Throughout this turbulent period, central banks like the Fed have had to develop innovative new policies that were designed to deliver on our statutory goals during times of crisis, rather than for everyday use. Despite these two unique, extremely large shocks, the U.S. economy has performed as well or better than other large, advanced economies around the world. As always, it is essential that we continue to look back and learn the right lessons from these difficult years, and that process has been ongoing for more than a decade. Turning to the present day, the U.S. economy is showing resilience in the midst of substantial changes in trade and immigration policies, as well as in fiscal, regulatory and geopolitical arenas. These policies are still emerging, and their longer-term implications will take some time to be seen. Economic Outlook *POWELL: UNCERTAINTY OVER INFLATION’S PATH REMAINS HIGH FED CHAIR POWELL: DOWNSIDE RISKS TO EMPLOYMENT SHIFTED BALANCE OF RISKS, PROMPTING LAST WEEK'S RATE CUT POWELL: RATE CUT WAS ANOTHER STEP TOWARD A MORE NEUTRAL POLICY STANCE FED’S POWELL REITERATES THERE IS NO RISK-FREE POLICY PATH AHEAD Fed's Powell: Reasonable base case is that tariff-driven inflation effects will be relatively short-lived. Powell Says Policy Is Still Slightly Restrictive And Ready To Change If Needed

TRUMP: THIS IS THE GOLDEN AGE OF AMERICA Trump Praises Stock Market Rally, Claims "Stock Market Is Doing Better Than It's Ever Done" Trump Praises Trade Agreements With South Korea, United Kingdom, And Others Trump Commends NATO For Being "Far Stronger, More Powerful Than Before" *TRUMP: WHAT IS THE PURPOSE OF THE UNITED NATIONS? *TRUMP CRITICIZES UN FOR NOT ASSISTING IN ENDING CONFLICTS *TRUMP: WE MUST REJECT THE FAILED APPROACHES OF THE PAST

After getting to know and fully understand the Ukraine/Russia Military and Economic situation and, after seeing the Economic trouble it is causing Russia, I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form. With time, patience, and the financial support of Europe and, in particular, NATO, the original Borders from where this War started, is very much an option. Why not? Russia has been fighting aimlessly for three and a half years a War that should have taken a Real Military Power less than a week to win. This is not distinguishing Russia. In fact, it is very much making them look like “a paper tiger.” When the people living in Moscow, and all of the Great Cities, Towns, and Districts all throughout Russia, find out what is really going on with this War, the fact that it’s almost impossible for them to get Gasoline through the long lines that are being formed, and all of the other things that are taking place in their War Economy, where most of their money is being spent on fighting Ukraine, which has Great Spirit, and only getting better, Ukraine would be able to take back their Country in its original form and, who knows, maybe even go further than that! Putin and Russia are in BIG Economic trouble, and this is the time for Ukraine to act. In any event, I wish both Countries well. We will continue to supply weapons to NATO for NATO to do what they want with them. Good luck to all! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA *TRUMP: WE WILL CONTINUE TO SUPPLY WEAPONS TO NATO *TRUMP: THINK UKRAINE POSITIONED TO WIN ALL TERRITORY BACK Trump Says Russia And Putin Face Major Economic Trouble, Urges Ukraine To Act