{"id":57939,"date":"2026-01-21T11:08:33","date_gmt":"2026-01-21T15:08:33","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/president-trump-outlines-economic-vision-at-davos-announces-housing-ban-and-crypto-bill-hopes\/57939\/"},"modified":"2026-01-21T11:08:33","modified_gmt":"2026-01-21T15:08:33","slug":"president-trump-outlines-economic-vision-at-davos-announces-housing-ban-and-crypto-bill-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/president-trump-outlines-economic-vision-at-davos-announces-housing-ban-and-crypto-bill-hopes\/57939\/","title":{"rendered":"President Trump Outlines Economic Vision at Davos, Announces Housing Ban and Crypto Bill Hopes"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump enacted an executive order to ban institutional home buyers<\/strong>, aiming to curb rising housing costs and promote individual homeownership, preventing the U.S. from becoming &quot;a nation of renters&quot;.<\/li>\n<li>He expressed optimism about <strong>signing a cryptocurrency bill soon<\/strong> and highlighted ongoing legislative efforts to regulate the crypto market structure, emphasizing the need to counter China&#39;s influence.<\/li>\n<li>Trump criticized <strong>Federal Reserve interest rate policies<\/strong> under Chair Jerome Powell, attributing them to hindering U.S. economic success, and indicated an upcoming announcement for a new Fed Chair.<\/li>\n<li>The President also escalated international trade rhetoric at Davos, <strong>threatening additional tariffs on France<\/strong> over drug prices and recalling past tariff disputes with Switzerland, while the <strong>EU delayed a vote on a trade agreement with the U.S.<\/strong>.<\/li>\n<li><strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) shares surged 6.7%<\/strong>, hitting a three-year high after Bernstein raised its price target to $36 from $35, contributing to a positive open for major U.S. indices.<\/li>\n<\/ul>\n<p>President Donald Trump delivered a wide-ranging address at the World Economic Forum in Davos, Switzerland, on Wednesday, outlining his administration&#39;s economic and policy priorities. A central theme was the U.S. housing market, where Trump announced an <strong>executive order banning institutional investors from buying single-family homes<\/strong>. He stated that this measure is crucial to boost housing affordability and ensure the U.S. does not become &quot;a nation of renters&quot;. The order directs federal agencies to prioritize individual homebuyers and review institutional acquisitions for anti-competitive practices.<\/p>\n<p>On the technology front, President Trump expressed hopes to <strong>sign a cryptocurrency bill in the near future<\/strong>, noting that Congress is actively working on market structure regulation for digital assets. He underscored the political popularity of crypto and the strategic importance of blocking China&#39;s hold in the sector. This comes as he also criticized credit card firms for high interest charges, advocating for the U.S. to secure the lowest interest rates of any country.<\/p>\n<p>The President also took aim at the Federal Reserve, blaming Chair Jerome Powell for raising interest rates and impeding U.S. economic success. Trump indicated that an <strong>announcement for a new Fed Chair is expected in the &quot;not too distant future,&quot;<\/strong> with Treasury Secretary Scott Bessent mentioned as a key figure in the administration&#39;s economic discussions. Trump asserted that <em>proper economic growth can effectively combat inflation<\/em>.<\/p>\n<p>In international relations, Trump&#39;s remarks at Davos fueled trade tensions. He <strong>threatened French President Emmanuel Macron with additional tariffs<\/strong> over drug prices, recalling past disputes where he imposed tariffs on Switzerland due to trade deficits. The European Union, meanwhile, has <strong>delayed a vote on ratifying a trade agreement with the U.S.<\/strong>. Trump also reiterated his plan to initiate <strong>land strikes against drug cartels<\/strong>, following previous maritime operations.<\/p>\n<p>Separately, Ukrainian President Volodymyr Zelenskiy had planned to meet with Trump in Davos on Thursday, though reports from <em>Axios<\/em> indicated that no major breakthroughs were expected, and a &quot;prosperity plan&quot; signing was canceled.<\/p>\n<p>In market news, <strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) shares saw a significant rise of 6.7%<\/strong>, reaching a three-year high after Bernstein increased its price target for the semiconductor giant to $36 from $35. Major U.S. stock indices opened higher, with the <strong>Nasdaq, <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a>, and <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average all posting gains<\/strong> after market open, up 0.30%, 0.35%, and 0.29% respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump enacted an executive order to ban institutional home buyers, aiming to curb rising housing costs and 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