Wall Street Week
Bloomberg Wall Street Week - July 19th, 2024
Jul 20, 2024
Bank of America CEO wants clear regulations, while ex-Fed Governor talks Basel III delays. Steve Rattner on the 'Trump trade,' Laura Tyson explains AI productivity. French Hill discusses implications of Trump 2.0.
39:06
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Quick takeaways
- Clear banking regulations are desired by Bank of America CEO, Brian Moynihan.
- Tariffs act as an inflationary tax, burdening consumers with higher costs.
Deep dives
Investing in Technological Innovation for Economic Growth
Investing in technological innovation, such as AI and infrastructure, has significantly impacted the current strength of the American economy. Through private sector investment and government policies like tax incentives for climate investment, there has been a surge in productivity-enhancing investments, driving economic growth and job creation.
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