{"id":52750,"date":"2025-09-05T17:38:58","date_gmt":"2025-09-05T21:38:58","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/trump-unveils-2026-g20-plans-eyes-fed-leadership-and-forecasts-2-gas\/52750\/"},"modified":"2025-09-05T17:38:58","modified_gmt":"2025-09-05T21:38:58","slug":"trump-unveils-2026-g20-plans-eyes-fed-leadership-and-forecasts-2-gas","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-unveils-2026-g20-plans-eyes-fed-leadership-and-forecasts-2-gas\/52750\/","title":{"rendered":"Trump Unveils 2026 G20 Plans, Eyes Fed Leadership, and Forecasts $2 Gas"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> announced Miami, Florida, will host the 2026 G20 Summit<\/strong>, with a primary focus on <em>unlocking affordable energy<\/em> and addressing Russia&#39;s role.<\/li>\n<li><strong><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> indicated he &quot;sort of&quot; knows his pick for the next Federal Reserve Chair<\/strong>, with National Economic Council Director <strong>Kevin Hassett<\/strong> among the leading candidates who advocates for <em>lower interest rates<\/em>.<\/li>\n<li><strong>The President projected gasoline prices would &quot;shortly&quot; drop to $2 a gallon<\/strong> and asserted the U.S. will ultimately possess <em>more electricity than China<\/em>, driven by an aggressive energy dominance strategy.<\/li>\n<\/ul>\n<h2>2026 G20 Summit: Miami to Host, Energy and Russia on Agenda<\/h2>\n<p>President Donald Trump officially announced that the <strong>2026 G20 Summit<\/strong> will be held in <strong>Miami, Florida<\/strong>, specifically at his Doral resort. This decision revives a previous attempt to host a G7 summit at the same property in 2020, which was later abandoned due to ethical concerns and the COVID-19 pandemic. The White House stated that Trump Doral would host the summit &quot;at-cost,&quot; receiving no profit from the State Department or foreign governments.<\/p>\n<p>The agenda for the 2026 summit, being organized by U.S. Treasury Secretary Scott Bessent, will center on &quot;unleashing economic prosperity by eliminating burdensome regulations, unlocking affordable energy, and pioneering new technologies&quot;. Trump also stated he &quot;will think about Russia&quot; at the 2026 G20, a topic that has drawn international attention given Russia&#39;s ongoing geopolitical actions. National Economic Council Director Kevin Hassett is set to serve as the lead point person for the summit.<\/p>\n<h2>Federal Reserve Leadership and Monetary Policy<\/h2>\n<p>President Trump offered insights into his selection process for the next Federal Reserve Chair, stating he &quot;sort of know[s] who I&#39;ll pick&quot;. National Economic Council Director <strong>Kevin Hassett<\/strong> has emerged as a prominent candidate, described as one of &quot;3 or 4 choices for Fed&quot;. Hassett is known for his belief in <em>low interest rates<\/em>, a stance that aligns with the President&#39;s frequent criticisms of current Fed policy under Chair Jerome Powell.<\/p>\n<p>Other contenders reportedly on Trump&#39;s shortlist include former Fed Governor Kevin Warsh and current Fed Governor Christopher Waller. While reports consistently place Hassett as a top choice, a recent headline also quoted Trump saying, in reference to Hassett as a Fed choice, &quot;I didn&#39;t say that&quot; [Headline provided by user]. This statement, if confirmed, could introduce a layer of ambiguity to the selection process despite widespread reporting of Hassett&#39;s candidacy. Hassett himself suggested that the decision on Powell&#39;s successor is still &quot;another few months&quot; away.<\/p>\n<h2>Energy Dominance and Future Projections<\/h2>\n<p>On the domestic front, President Trump expressed optimism about energy costs, predicting that <strong>gasoline prices will &quot;shortly&quot; fall to $2 a gallon<\/strong>. This projection comes amidst ongoing discussions about energy policy, with experts noting that presidents have limited direct power over global oil prices. Trump also declared that the <strong>U.S. &quot;will end up with more electricity than China,&quot;<\/strong> signaling an aggressive push for energy production.<\/p>\n<p>This drive for energy dominance is partly aimed at bolstering the U.S.&#39;s competitiveness in artificial intelligence (AI), a sector with rapidly increasing electricity demands. The administration has emphasized supporting nuclear power, deeming it &quot;more American&quot; than wind and solar, and has taken steps to accelerate infrastructure development and streamline permitting for energy resources. This strategy contrasts with China&#39;s focus on expanding renewable energy capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump announced Miami, Florida, will host the 2026 G20 Summit, with a primary focus on unlocking affordable [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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