By John W. Schoen | CNBC
President Donald Trump on Tuesday repeated his campaign pledge to undertake a major overhaul of bank regulations, arguing that lending restrictions are hampering job growth.
Tighter lending conditions often throw cold water on job growth. A closer look at the data, however, shows that neither of those things is happening in the U.S.
Trump made his remarks following a White House meeting with a group of business executives, noting that his administration is working on giving a “major haircut” to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.