Elizabeth Schulze

Elizabeth Schulze, an ABC News correspondent focused on the Federal Reserve, discusses Jerome Powell's startling claim of a criminal investigation by the Trump administration, exploring its implications for Fed independence. Morgan Norwood reports from Minneapolis, detailing the intense anti-ICE protests ignited by a disturbing shooting. Meanwhile, Selena Wang analyzes President Trump's provocative stance on potential military action against Iran, emphasizing the political risks and historical repercussions of such a decision.

Aaron Katursky, ABC News chief investigative correspondent, dives into Nicolas Maduro's court appearance and the alarming cocaine trafficking charges he faces. Elizabeth Schulze, ABC News economics correspondent, analyzes market reactions and the implications for U.S. oil companies like Chevron regarding Venezuelan oil. Meanwhile, Jay O'Brien discusses the political fallout from Minnesota's daycare fraud scandal, detailing Governor Tim Walz's controversial decision to suspend his re-election bid amid fierce scrutiny.

In this discussion, Elizabeth Schulze, an economics reporter for ABC News, unpacks the new 'Trump Accounts'—tax-advantaged investment accounts for newborns funded with a seed contribution. She explores their origins and compares them to prior concepts like baby bonds. Elizabeth explains eligibility and contribution limits, alongside potential growth projected from historical market returns. She also addresses risks and the ongoing K-shaped economy, emphasizing that while these accounts could provide support, they won't fully tackle wage inequality.