Presumptive Republican presidential nominee Donald Trump says he would dismantle nearly all of US President Barack Obama’s sweeping financial reforms known as Dodd-Frank.
The billionaire businessman said Tuesday that he intended to unveil a detailed economic policy platform in two weeks, saying the 2010 Dodd-Frank law was harming the US economy.
“Dodd-Frank has made it impossible for bankers to function,” Trump told Reuters in an interview. “It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop.”
Pressed on the extent of the changes he wanted to put in place, Trump said, “it will be close to dismantling of Dodd-Frank.”
“Dodd-Frank is a very negative force, which has developed a very bad name,” the real estate mogul added.
The GOP candidate praised current Federal Reserve Chairwoman Janet Yellen for her decision to keep the interest rate down. However,…