The next president and his cabinet will face a choice of whether to build on the momentum of the financial crisis to create a new business that can help Americans achieve the American dream.
The Federal Reserve, Congress, and the private sector have a responsibility to work together to address the issues of the crisis, and this means a new way forward.
President Donald Trump and his team have chosen to leave Wall Street and the Federal Reserve behind and focus on the needs of ordinary Americans, instead of the need to create new markets and create jobs for the middle class.
But the crisis of the past few years has made that difficult.
The crisis was the product of too many individuals and institutions not working together to support and improve our economic system.
That’s why we’ve worked to improve the resilience of our financial system, but we’ve also worked to expand markets and make more markets available.
We’ve seen this trend in the housing market, the economy, and consumer spending, which have all seen the recovery begin to slow in recent years.
And so, the administration has been focused on creating more markets, creating more opportunities, and working with the private sectors to create more jobs and more wealth.
Now, I’m proud to announce that we are bringing together the full suite of resources that I have laid out to make sure that we continue to help Americans and businesses succeed and build a stronger economy in the future.
First, we’re bringing together a new team of advisers, including my chief economic adviser, Jerome Powell, to advise the administration on economic policy.
We’ve also formed a team of policy experts and economists to help guide the administration’s actions.
And, we’ve formed a working group with a broad array of policy voices to help us move forward.
Now that the crisis is behind us, we can look ahead to the next steps of the Trump administration, and to the opportunities that await.
I will also work to restore trust between government and the American people, especially by ensuring that the economy is built on a foundation of fairness and equal opportunity.
The president has made it clear that we must continue to make progress on the issues that matter to Americans, including the need for affordable healthcare.
I’m committed to working with Congress to pass comprehensive reform of the healthcare system, and I am committed to continuing to pursue that goal.
The American people deserve better than this, and we need to keep moving forward to build a brighter, fairer future for our families and for our communities.
We are working hard to create the best economy in America.
That means creating jobs, keeping our tax code low and moving our country forward.
The president and I will continue to take steps to strengthen our economy to create good paying jobs, and make sure our tax dollars are used to help families in need.
And we will continue working to bring America together and build strong alliances, like the one I’ve established with the European Union.
The Trump administration has put forward a plan that has the potential to put American workers first, build American prosperity, and create the opportunities for all Americans to thrive.
But our efforts to do that are not enough.
It’s time to step back and look ahead, because this is an economy that has been built on fairness and equality for far too long.
I am so proud to stand with our allies, business leaders, and consumers to ensure that this economy continues to be the strongest and most prosperous on the planet.
We can make the biggest changes for the future with the right combination of leadership and leadership from all of us, and that’s why I’m taking this office in order to make those changes happen.
I look forward to continuing my work to bring about the changes needed to rebuild America and create prosperity for all of our people.
Thank you for listening.END