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Goldman, JPMorgan Soar With Trump Poised to Deliver Deregulation
News November 06, 2024 at 02:40 PM
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What You Need To Know
- Trump has vowed to cut the corporate tax rate, eliminate 10 regulations for every new one and fire some financial regulators.
- His return to the White House could mean a win for executives who had been lobbying against an increase in the amount of capital they must hold.
- The president can only fire governors of the Fed board for cause, so Democrats will likely maintain control of the Fed until late 2026.
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