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Jennifer Hewett

Why Trump is still business gold

Major US financial executives are confident about the strength of America’s economy and the benefits of the president’s deregulatory agenda. How all the rest will play out is less certain.

Even the biggest names in US financial circles are not about to risk making any criticism of the frenzy of change and level of disruption happening at hyper-speed under Donald Trump. But it’s not just about fear of being suddenly “Zelenskyed” or condemned on social media by an angry president wanting payback.

From Blackstone chief executive Stephen Schwarzman to Goldman Sachs CEO David Solomon, the predominant tone is more relief at the Trump administration’s focus on deregulation and its government efficiency drive.

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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com

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    Original URL: https://www.afr.com/business-summit/why-trump-is-still-business-gold-20250304-p5lgtj