On March 28, 1985, President Ronald Reagan He made history as the first and only president who sounded the opening bell in the New York Stock Exchange (NYSE). Exactly 40 years later, the Ronald Reagan Presidential Foundation and President and CEO David Trulio, together with the President and Chief editor of Forbes Media Steve Forbes, honored the legacy of the 40th President and interpreted the iconic opening bell.

When Reagan headed for the nyewas at the beginning of the second term. He spoke about the economic growth that the United States experienced during their first term, and involved the positive effects of tax cuts and deregulation.

“But in the last five years, we have gone from discomfort to hope, confidence and opportunity,” said Reagan. “We knew that the discomfort for what was really was: the government, with its high taxes, excessive spending and overdrawing, had launched a key to the works of our free markets. In essence, the government was trying to run the economy, but it was ruining itself.”

Steve Forbes, president and editor -in -chief of Forbes Media, joins others on the New York Stock Exchange to commemorate the 40th anniversary of President Ronald Reagan who went to the opening bell on Friday, March 28, 2025 in New York, New York, New York. (James Keivom for Fox News Digital / Fox News)

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When Reagan came into office, the US economy suffered and the threat of climbing in the Cold War was increasing. However, their policies helped to stimulate economic growth and to decrease tensions in the Cold War, which ended two years after Reagan left the post.

In his conversation with Trulio before the bell sounds, Forbes touched the success of Reagan By taking the United States “from a decline to a vigorous nation.” The media tycoon said that the “moral dimension” of Reagan’s policies meant that people realized that it was more than a monetary growth, but it was “the improvement of humanity”.

General View of the New York Stock Exchange commemorating the 40th anniversary of President Ronald Reagan, who sounded the opening bell on Friday, March 28, 2025 in New York. (James Keivom for Fox News Digital / Fox News)

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Forbes and Trulio sounded the opening bell at 9:30 am flanked by images of Reagan while the people below it exploded in cheerful.

When he spoke with Fox News Digital after the bell sound, Trulio emphasized the importance of the United States continuing to work to be the highest economy in the world.

“It is not written in stone that America is the number one economy in the world, just because we have to work -and assure us, in a bipartisan manner, that we identify and discuss in these policies and embrace policies that promote growth, innovation and opportunity,” Trulio told Fox News Digital.

David Trulio, President and CEO of the Ronald Reagan Presidential Foundation and Institute (RRPFI) on the New York Valid Stock Exchange to commemorate the 40th anniversary of President Ronald Reagan, making the opening bell on Friday, (James Keivom for Fox News Digital / Fox News)

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Both Trulio and Forbes drew parallel between Reagan and President Donald Trump. When he entered his second term, Trump delivered an international decay and chaos economy, similar to the challenges that Reagan faced.

“Well, we have two great historical leaders. Both share a strong interest in Keep the taxes lowReducing regulations and doing everything possible to reduce government burden. So, I think there is good alignment. And the principles applied by President Reagan seem to be applied right now by President Trump, “Trulio told Fox News Digital.

Like Reagan, Trump has worked to reduce government waste, especially with the Government Efficiency Department (DOGE). While talking to Trulio, Forbes admitted that Stoge may seem “messy” from the outside, but said he is “revolutionary”.

Steve Forbes, president and editor -in -chief of Forbes Media, on the New York Stock Exchange to commemorate the 40th anniversary of President Ronald Reagan, who made the opening bell on Friday, March 28, 2025 in New York. (James Keivom for Fox News Digital / Fox News)

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While Trulio abstained from speculating what Reagan would have thought of DOGE, he said that the department’s actions speak with his alignment with “broader principles that are successful in the Reagan administration.”

Forbes, on the other hand, told Fox News Digital that he believes that Reagan “would have approved absolutely DOGE” and that the 40th President would have wished that Elon Musk was around so he could “trigger him, as President Trump has done.”

“President Trump believes in the free company and that is why he made the tax changes and the regulatory changes he made in his first term. And I’m glad they are deregulating with revenge in the second term. It is necessary to do it,” Forbes told Fox News Digital.