Goldman Sachs CEO Backs ‘Trump Accounts’ as U.S. Economic Debate Continues
Goldman Sachs CEO David Solomon voiced support for the Trump administration’s economic agenda during an interview with Fox News, praising the newly launched “Trump Accounts” program and emphasizing the importance of long-term investment, technology infrastructure, and economic growth.
Speaking with Fox News anchor Bret Baier, Solomon said the U.S. economy continues to show resilience despite geopolitical uncertainty and ongoing global market challenges.
A key focus of the interview was the administration’s “Trump Accounts” initiative, created under the One Big Beautiful Bill Act (OBBBA). The program establishes tax-advantaged investment accounts for eligible newborn American children, including a government-funded initial contribution intended to encourage long-term saving and investing.
Treasury officials said millions of families have enrolled in the program since its launch, making a significant number of children eligible to participate.
Solomon described the initiative as an opportunity to introduce Americans to investing at an early age.
“One of the greatest ways to help people understand how participation in markets works is to have them participate at a young age,” Solomon said. “I think this is an incredible program.”
He also announced that Goldman Sachs plans to support the initiative by contributing to qualifying accounts for eligible employees.
The discussion also turned to U.S. competitiveness in artificial intelligence and digital infrastructure. Solomon stressed the importance of expanding data center capacity, arguing that continued investment would help maintain America’s technological leadership and create new jobs.
He warned that delays in infrastructure development could reduce the country’s competitive advantage as global demand for AI computing power continues to grow.
On the economy, Solomon acknowledged that geopolitical tensions, including developments in the Middle East, could create short-term uncertainty in energy markets. However, he said recent inflation data and labor market conditions suggest the broader U.S. economy remains on solid footing.
The interview concluded with questions about leadership changes at Goldman Sachs involving former General Counsel Kathryn Ruemmler. Solomon confirmed that Ruemmler stepped down from the role on June 30 and is assisting with the leadership transition while the company searches for a successor.
The interview highlighted the administration’s focus on expanding investment opportunities, strengthening economic competitiveness, and encouraging long-term wealth creation as economic policy remains a central issue in Washington.
