On Tuesday, Citigroup CEO Jane Fraser told CNBC that while U.S. equities slumped and the dollar weakened—pushing Treasury yields sharply higher and vaulting investors into gold and silver—the initial sell-off in American assets will not persist. Fraser pointed to the absence of compelling alternatives for global portfolios after the White House’s announcement over the long weekend that tariffs could be deployed to secure Greenland. “I don’t see where else you go,” she said, adding that strong holiday consumer spending and anticipated stimulus from recent tax-code changes should drive a renewed preference for U.S. equities this spring. She also cited ongoing deregulation and record corporate investment in artificial intelligence as catalysts that will underpin domestic market strength despite geopolitical tensions.

During a January 20 interview, Fraser cautioned that President Trump’s proposed 10% cap on credit-card interest rates would have the opposite effect of its intent by curtailing lending to lower-income consumers. She noted that Citigroup and other lenders already offer low-cost, no-frills card products and that an industrywide cap would force issuers to limit credit lines, reducing spending power in key sectors such as airlines, retail, hotels and restaurants. Fraser stressed, “Let’s make sure that we extend access to credit, we don’t restrict it.” Her remarks follow a Truth Social post by Trump on January 9 calling for the cap and comments from JPMorgan Chase CFO Jeremy Barnum on January 13 warning that unsupported rate ceilings could prompt banks to consider all business lines “on the table” to protect profitability for shareholders.