President Trump will sign an executive order to water down the 2010 Dodd-Frank financial regulatory framework put into effect in response to the financial crisis. White House National Economic Council Director Cohn:
Americans are going to have better choices and Americans are going to have better products because we’re not going to burden the banks with literally hundreds of billions of dollars of regulatory costs every year.
Trump nominates Goldman Sachs president & COO Cohn as the Director of his National Economic Council. Trump:
As my top economic advisor, Gary Cohn is going to put his talents as a highly successful businessman to work for the American people. He fully understands the economy and will use all of his vast knowledge and experience to make sure the American people start winning again.
I share President-elect Trump’s vision of making sure every American worker has a secure place in a thriving economy, and we will be completely committed to building a nation of strength, growth and prosperity.