Trump Picks Wall Street Investor Howard Lutnick as Commerce Secretary

Who is Howard Lutnick?

Howard Lutnick is the founder and CEO of Cantor Fitzgerald, a global financial services firm. He is also the chairman of the Cantor Fitzgerald Relief Fund, which was founded after the September 11 attacks to help victims and their families. Lutnick himself lost six of his best friends and his brother in the attacks on the World Trade Center.

Lutnick is a graduate of the University of Pennsylvania's Wharton School of Business. He began his career at E.F. Hutton & Co. before co-founding Cantor Fitzgerald in 1982.

Why was Lutnick chosen as Commerce Secretary?

Lutnick is a well-respected figure in the business community. He has a strong track record of success in the financial sector and is known for his leadership skills. He is also a close friend and advisor to President Trump.

Lutnick's selection as Commerce Secretary is seen as a sign that Trump is serious about improving the US economy. Lutnick is expected to focus on promoting trade and investment, as well as reducing regulations on businesses.

What are Lutnick's qualifications for the job?

Lutnick has a deep understanding of the global economy and a proven track record of success in the business world. He is also a strong advocate for free trade and has been a vocal critic of government regulations.

Lutnick's experience in the financial sector will be particularly valuable in his new role as Commerce Secretary. He has a wealth of knowledge about trade and investment, and he is well-connected with businesses and investors around the world.

What are the challenges that Lutnick will face as Commerce Secretary?

Lutnick will face a number of challenges as Commerce Secretary. One of the biggest challenges will be dealing with the Trump administration's trade policies. Trump has imposed tariffs on goods from China and other countries, and these tariffs have angered many businesses. Lutnick will need to find a way to balance the Trump administration's trade goals with the needs of the US business community.

Another challenge that Lutnick will face is the Trump administration's regulatory agenda. The Trump administration has rolled back a number of regulations on businesses, but some critics argue that these rollbacks have gone too far. Lutnick will need to find a way to strike a balance between promoting economic growth and protecting consumers and the environment.

What is Lutnick's vision for the Commerce Department?

Lutnick has said that he wants to make the Commerce Department "the most pro-business agency in the federal government." He plans to focus on promoting trade and investment, as well as reducing regulations on businesses.

Lutnick believes that the Commerce Department can play a key role in helping the Trump administration achieve its economic goals. He plans to use the Department's resources to help businesses create jobs and grow the economy.