With the Republicans maintaining control of both Houses of Congress, Donald Trump’s election victory has raised the prospect that the post-crisis Dodd-Frank Act, which overhauled the financial sector, could be repealed or at least partially reversed. Dodd-Frank is frequently criticised, but there is little evidence that repealing it would provide any meaningful boost to the wider economy, either by boosting the size of the financial sector or by improving access to credit for households and firms.
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