President Donald Trump and his allies celebrated the official launch of children investment accounts, also known as Trump Accounts, as a reinvigorated version of President Franklin D. Roosevelt’s economic plan in the 1930s that revived the nation after the Great Depression.“We’re thrilled to officially launch the Trump Accounts,” said Trump on Monday morning.The president rang a bell at 9:30 a.m., opening the U.S. financial markets to mark the launch of the accounts, with several officials gathered in the Oval Office. They included Treasury Secretary Scott Bessent, Sen. Ted Cruz (R‑TX), and Director of the National Economic Council Kevin Hassett.
“This was the first-ever joint bell ringing between the New York Stock Exchange and Nasdaq, and hopefully it won’t be the last,” Trump said.
The Trump Accounts were originally titled “Money Accounts for Growth and Advancement” and were part of the One Bi …