Factbox: What a Joe Biden win could mean for monetary policy

Factbox: What a Joe Biden win could mean for monetary policy

(Reuters) – Democrat and former U.S. vice president Joe Biden had been declared champion regarding the U.S. presidential election by a few major tv companies on Saturday, beating Republican incumbent Donald Trump whom took an industry-friendly stance on legislation.

While Biden is not likely to focus on a economic industry crackdown, he could be expected right here to have a stricter line than Trump and their previous employer President Barack Obama.

Biden has tapped former derivatives market regulator Gary Gensler, who may have a track record of being tough on Wall Street, to the office on a change policy for economic industry oversight.

Check out associated with key areas their administration and agency picks will probably consider.


The pandemic has shone a spotlight that is harsh America’s racial and wide range inequalities, galvanizing Democrats to utilize a variety of policy levers to deal with the issues. Those range from the 1977 Community Reinvestment Act, a lending that is fair offering banking institutions regulatory points for lending to low-income communities.

Biden has pledged in campaign materials to grow the principles to many other sectors, including home loan and insurance vendors.


Handling the national country’s affordable housing crisis is a concern for Democrats and Biden. A Biden administration would try to halt probably a Trump intend to launch housing finance leaders Fannie Mae and Freddie Mac from federal government control, a move Democrats worry would raise the price of mortgages for center- and lower-income Us americans.

Biden in addition has pledged to examine guidelines by Trump’s housing regulator that are supposed to protect from lending actions which disproportionately adversely impact racial minorities or any other protected teams.


Biden has required a robust customer Financial Protection Bureau (CFPB), developed after the 2009 economic crisis to make sure banking institutions would not benefit from customers. (más…)

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