On camera: US President Donald Trump drops big hint on who could be next fed chairman
Published on Dec 03, 2025 11:17 am IST
In a Dec 2 announcement, U.S. President Donald Trump hinted at the potential next Federal Reserve Chair and introduces one of the largest private philanthropic donations in U.S. history. Trump highlighted Michael and Susan Dell’s extraordinary $6.25 billion commitment to fund the new “Trump Accounts,” a long-term investment program created under the Invest America Act to give millions of American children an early financial foundation. The initiative will provide 25 million children from middle-income ZIP codes with $250 each, while the federal government will seed every newborn citizen’s account with $1,000. Joined by top officials, business leaders, and members of Congress, Trump describes the plan as a transformative effort to expand opportunity, narrow the wealth gap, and ensure every child has a personal stake in America’s economic future. The Dells call it an investment in hope, prosperity, and generational progress.
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