Subject: WSJ: Trump Says He Will Release Policy Plan to Dismantle Nearly All of Dodd-Frank
From: "Garcia, Walter" <[email-masked]>
To: Comm_D <[email-masked]>
Date: Tue, 17 May 2016 16:15:24 -0700

Trump Says He Will Release Policy Plan to Dismantle Nearly All of Dodd-Frank<http://www.wsj.com/articles/trump-says-he-will-release-policy-plan-to-dismantle-nearly-all-of-dodd-frank-1463523072?cb=logged0.06470843596398712>

By  KATE DAVIDSON

Donald Trump<http://topics.wsj.com/person/T/Donald-Trump/159>, the presumptive Republican presidential nominee, said he intends to release a detailed economic policy platform in two weeks that would dismantle nearly all of the 2010 Dodd-Frank law, he said in an interview Tuesday with Reuters<http://www.reuters.com/article/us-usa-election-trump-exclusive-idUSKCN0Y82JO>.

"I would say it'll be close to a dismantling of Dodd-Frank," Mr. Trump said, according to the Reuters report. "Dodd-Frank is a very negative force, which has developed a very bad name."

Mr. Trump also said he is "not an enemy" of current Federal Reserve Chairwoman Janet Yellen<http://topics.wsj.com/person/Y/Janet-Yellen/5513>, although he reiterated he eventually wants a Republican to lead the U.S. central bank. "I'm not a person that thinks Janet Yellen is doing a bad job," he added.

"I happen to be a low-interest rate person unless inflation rears its ugly head, which can happen at some point," he said, while acknowledging inflation "doesn't seem like it's happening any time soon."

In a May 5 interview with CNBC, Mr. Trump said he would "most likely" replace Ms. Yellen, whose term as chairwoman ends in February 2018.

He also tweeted in February that he thinks the Fed should be audited, a proposal that has gained momentum in recent years among Republicans in Congress who want greater scrutiny of the central bank's interest-rate decisions. The Fed's financial statements are already audited, but federal law prohibits audits of monetary policy decisions. The Fed has strongly opposed such proposals.

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Walter Garcia
Western Regional Press Secretary
Democratic National Committee (DNC)
Email: [email-masked]<mailto:[email-masked]>
Twitter: @WalterGarcia231<https://twitter.com/WalterGarcia231>
[SigDems]<http://www.democrats.org/>