WASHINGTON, DC - APRIL 15: Noah Horowitz (CEO - Art Basel), Patrice Louvet (President & CEO - Ralph Lauren) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Noah Horowitz (CEO - Art Basel), Patrice Louvet (President & CEO - Ralph Lauren) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Noah Horowitz (CEO - Art Basel), Patrice Louvet (President & CEO - Ralph Lauren) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Noah Horowitz (CEO - Art Basel), Patrice Louvet (President & CEO - Ralph Lauren) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

House Minority Leader Hakeem Jeffries, D-N.Y., speaks with reporters outside of the US Capitol, Wednesday, March 18, 2026, in Washington. (AP Photo/Mariam Zuhaib)

(COMBO) This combination of pictures created on April 15, 2026 shows (L/R) US Federal Reserve Board Chairman Jerome Powell in Washington, DC, on December 10, 2025 and US President Donald Trump at the White House in Washington, DC, on April 13, 2026. President Trump renewed pressure on Federal Reserve Chair Jerome Powell on April 15, 2026, with the US leader threatening to fire the central bank chief if he stayed beyond his mandate. Powell's term at the helm of the Fed ends in May, and Trump has repeatedly lashed out at him for not cutting interest rates more aggressively. (Photo by SAUL LOEB and Brendan SMIALOWSKI / AFP via Getty Images)

TOPSHOT - (COMBO) This combination of file pictures created on April 14, 2026 shows Italy's Prime Minister, Giorgia Meloni speaking during the New Year press conference in Rome on January 9, 2026 (L) and US President Donald Trump reacting after the results of the draw for the 2026 FIFA Football World Cup taking place in the US, Canada and Mexico, at the Kennedy Center, in Washington, DC, on December 5, 2025 (R). US President Donald Trump on April 14, 2026 launched a stinging criticism of Italy's Prime Minister Giorgia Meloni, one of his main European allies, over her unwillingness to join the Iran war. "I'm shocked at her. I thought she had courage, but I was wrong," he said in an interview with Italian daily Corriere della Sera. Meloni, Italy's far-right leader since October 2022, has been one of Trump's closest allies in Europe and often seeks to act as a mediator between diverging US and European views. (Photo by Filippo MONTEFORTE and SAUL LOEB / AFP via Getty Images)

TOPSHOT - (COMBO) This combination of file pictures created on April 14, 2026 shows Italy's Prime Minister, Giorgia Meloni facing journalists during the New Year press conference in Rome on January 9, 2026 (L) and US President Donald Trump listening during a roundtable to "save college sports" in the East Room of the White House in Washington, DC, on March 6, 2026 (R). US President Donald Trump on April 14, 2026 launched a stinging criticism of Italy's Prime Minister Giorgia Meloni, one of his main European allies, over her unwillingness to join the Iran war. "I'm shocked at her. I thought she had courage, but I was wrong," he said in an interview with Italian daily Corriere della Sera. Meloni, Italy's far-right leader since October 2022, has been one of Trump's closest allies in Europe and often seeks to act as a mediator between diverging US and European views. (Photo by Filippo MONTEFORTE and Brendan SMIALOWSKI / AFP via Getty Images)