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Living costs, mortgages on the menu at White House dinner with top execs, sources say
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Living costs, mortgages on the menu at White House dinner with top execs, sources say
Nov 13, 2025 11:40 AM

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.

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