Trump strongly pushes for 50-year mortgage! Invites JPMorgan's Dimon and BlackRock to a "White House secret meeting" to ask Wall Street for help.

After suffering defeats in the three major local elections of the Republican Party, Trump invited Wall Street executives to a dinner at the White House, seeking to leverage financial power to reduce inflation and refocus the public on mortgage and living costs. (Background: Trump counters public opinion: Paying a 50-year mortgage is a minor issue; how is a lower monthly payment bad?) (Additional context: The U.S. government reopens after 43 days of shutdown! Trump signs bill late at night: The Democrats and Biden have cost the U.S. 1.5 trillion dollars) Last night (12th), the White House State Dining Room was ablaze with lights. President Donald Trump, after setbacks in the midterm elections, unusually held a small closed-door dinner, inviting heavyweight figures from Wall Street such as Jamie Dimon, CEO of JPMorgan Chase, and Steve Schwarzman, founder of Blackstone. The focus of discussion was not on stock price fluctuations but on whether American families can continue to afford mortgages and living expenses. Wall Street gathers at the White House, mortgage pain points become the focus. Accompanying the dinner were Treasury Secretary Scott Basset, from a hedge fund background, and Commerce Secretary Howard Lutnick, who previously navigated Wall Street. Facing the burden of rising mortgage interest rates due to recent federal funding rate hikes, Trump asked the attending executives to provide “immediate and feasible” solutions, hoping to alleviate public grievances in a short time. For the financial sector, this is a rare opportunity to re-establish high-level communication channels with the government; for the White House, it is a declaration to elevate “affordability” to the top priority of the national economic agenda, and just the day before, Trump had mentioned the 50-year mortgage issue. After electoral setbacks, Trump urgently shifts messaging strategy. The Republican Party recently lost key seats in local elections in Virginia, New York, and New Jersey, with voters' dissatisfaction with inflation and rising prices evident. Trump candidly stated at the dinner that in the past, economic messaging “did not resonate with the public.” Therefore, he chose to break away from the previous President Biden's distance from financial elites, directly courting Wall Street, and hoping to reshape the policy narrative through capital market leverage. He told executives that as long as they can reduce the burdens on Americans, any policy option can be renegotiated, and his urgent tone was privately described by several financial figures as “campaign mode fully activated.” Financial leaders proposed investment and regulatory suggestions. Jamie Dimon of JPMorgan Chase presented a briefing on the bank's $1.5 trillion investment plan, targeting defense, energy, and manufacturing, emphasizing that “funds flowing to the real economy are the long-term solution to curb inflation.” This complements Trump's emphasis on supply chain repatriation policies. Other executives suggested relaxing leverage restrictions on hedge funds and banks, arguing that abundant capital is necessary to accelerate corporate expansion. Trump also asked participants to provide a white paper on mortgage subprime market liquidity, tax relief for first-time homebuyers, and regulatory easing, predicting that “once a consensus is formed, an executive order can be quickly signed.” After the dinner, some invitees followed Trump into the Oval Office to witness him sign a bill ending the government shutdown, symbolizing the government's commitment to maintaining stability with the capital markets. The tug-of-war between livelihood and capital will be key observation points moving forward. Trump's actions are seen as a preview of the policy tone for a second term: cloaked in the guise of public needs, with Wall Street resources as the backbone, aiming to simultaneously meet the dual expectations of voters and markets through deregulation and investment encouragement. However, balancing “making money cheaper” with “preventing financial risks” presents significant challenges. If mortgage interest rate subsidies or tax policies move too quickly, they could drive housing prices to soar again; if deregulation is excessive, it could also trigger systemic risk concerns. For financial giants, deepening dialogue ensures that their interests are included in policy design; for ordinary families, the critical issue lies in whether they can see actual declines in mortgage rates and wage increases catching up to prices in the coming quarters. It is certain that this dinner is just the prologue, and interactions between the White House and Wall Street will become more frequent and focused on the core issue of “where the money should flow.” All parties will continue to examine whether policies truly lead to alleviating mortgage burdens and stabilizing prices, rather than allowing capital and livelihoods to diverge again. Facing mortgage pressures and the shadow of inflation, the U.S. government and the financial sector are now tied together. The White House dinner reveals an economic roadmap centered on affordability, driven by Wall Street investment. In the next four years, how to balance livelihood welfare and market vitality will be the most important indicator of evaluating Trump’s second term success or failure.