On Jan. 20, Joseph R. Biden Jr. will be sworn in as the 46th President of the United States. Though President-elect Biden has been a staple of U.S. politics for over four decades, the potential impacts of his administration on the banking industry remain uncertain. Below are our thoughts the impact that a Biden administration may have on banking.
New Stimulus, Regulators
Expect additional stimulus, but form and level remain unclear. The administration may need to work with a Republican-controlled Senate to craft stimulus that the country and markets expect.
