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 announced champion associated with U.S. election that is presidential a few major tv sites 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 anticipated right here to have a stricter line than Trump along with his previous employer President Barack Obama.

Biden has tapped derivatives that are former regulator Gary Gensler, who’s got a track record of being tough on Wall Street, be effective on a change policy for economic industry oversight. Read more