Trump proposes sweeping economic policies targeting housing, credit cards, and investors

Trump has unveiled a series of major economic proposals aimed at lowering living costs for Americans. The plans include having the government buy $200 billion in mortgage bonds to lower rates, banning large investors from buying single-family homes, and calling for a one-year cap on credit card interest rates at 10%.

These proposals have caused significant reactions in financial markets. The dollar hit a four-year low following Trump's comments that he was not concerned about its weakness. Shares of credit card companies and banks fell on the proposed rate cap, and Wall Street is reportedly trying to shape the affordability ideas. Trump made these announcements around a speech at the World Economic Forum in Davos, where he claimed credit for a strong economy.