Christopher Palmer

Christopher Palmer, an Associate Professor of Finance at MIT Sloan, lends his expertise on credit markets as they discuss Trump's proposal to cap credit card interest rates at 10%. Palmer outlines potential economic drawbacks, emphasizing how such caps could reduce credit access, particularly for risky borrowers. They explore the staggering $1.24 trillion in credit card debt and the mechanics behind interest rate determination. The conversation highlights the need for safer lending products and stronger social safety nets to address the underlying financial instability many Americans face.