There are other parts of Trump's economic plan that will gain favor on Wall Street. Among the rules that have yet to be implemented is a curb on Wall Street pay. While conservatives generally agree that the business community is over regulated, Wall Street has been skeptical of calls to repeal Dodd Frank, concerned that the alternative would be even worse. And then on Monday, in an economic speech in Detroit, Trump went even further, saying that upon being elected he would call for a "moratorium" on new regulations. Dodd Frank, as the legislative package is known, includes hundreds of new regulatory requirements, including forcing banks to hold more capital and prove that they can withstand economic turmoil.

Source: Washington Post August 08, 2016 19:30 UTC