NEW YORK, Nov 13 (Reuters) - Rising living costs and
expanding home ownership were among the issues U.S. President
Donald Trump and top Wall Street executives discussed at
Wednesday's White House dinner, according to two people with
knowledge of the event.
The gathering, largely of CEOs, included JPMorgan Chase's ( JPM )
Jamie Dimon, Nasdaq's Adena Friedman, Morgan
Stanley's ( MS ) Ted Pick and Goldman Sachs' ( GS ) David
Solomon, according to three sources.
They also exchanged ideas around trading and market reforms
and immigration, one source said.
A White House official did not immediately respond to a
request for comment.
Trump, who gave a speech at the dinner, has focused on the cost
of living after a string of defeats for Republican candidates in
last week's elections, while insisting that any higher costs
were triggered by former President Joe Biden's
policies. Democratic wins in New Jersey, New York and Virginia
revealed voters' concerns over ongoing inflation, which
economists say has been fueled in part by high import tariffs
imposed by Trump.
The guest list also included Intercontinental Exchange ( ICE )
CEO Jeffrey Sprecher, New York Stock Exchange President
Lynn Martin, Pershing Square founder and CEO Bill Ackman,
according to company representatives.
Mortgages and affordability have been hot topics for the
administration in recent days. It has pledged to contain
long-term U.S. Treasury yields, which help set lending rates.
Benchmark 10-year yields have declined nearly 50 basis points so
far this year, partly due to slower economic growth and fiscal
and debt management policies that have eased bond investors'
most pressing concerns about the ballooning U.S. government
debt.
"Lower Treasury borrowing costs mean lower corporate borrowing
costs, lower mortgage rates, and lower car payments-which all
translates to greater affordability for all Americans," Treasury
Secretary Scott Bessent said in a speech at the Federal Reserve
Bank of New York on Wednesday.
While the sources did not elaborate on the trading and market
issues discussed, Nasdaq's Friedman has advocated for market
reforms including allowing public companies to report either
quarterly or semiannually, a policy Trump has backed.
Trump has held other private meetings with business leaders in
recent months as his administration seeks to promote economic
growth while navigating tensions with global trading partners.