Updated

Wall Street says Trump’s America a big opportunity, in the long run

Ronald Mizen and John Kehoe

Updated Mar 4, 2025 – 6.27pm, first published at 12.03pm

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The bosses of two Wall Streets giants say Donald Trump’s plans to cut federal spending and regulations will create investment opportunities for investors that look beyond the administration’s disruptive agenda including the managers of Australia’s $4 trillion retirement savings pool.

The chief executives of Blackstone and Goldman Sachs, Stephen Schwarzman and David Solomon, told the Financial Review Business Summit that investors would need to weather the short-term financial volatility caused by the US President’s economic and trade policies.

Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra.

John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury.