- A cornerstone of Donald Trump’s economic and business policies has been deregulation. Throughout his presidency and campaign speeches, he has emphasised that cutting regulations boosts economic growth, encourages innovation, and reduces bureaucratic burdens on businesses.
- The new Elon Musk-led Department of Government Efficiency (DOGE) has made headlines in its efforts to scale back the US federal workforce. However, this is only part of the battle, with the new administration keen to rein in regulatory mission creep.
- One way to look at the scale of the task ahead is total pages in the US Code of Federal Regulations, which has grown markedly over the decades to nearly 200,000 today. The Trump administration clearly has a big task on its hands to bring this number down.
What does this all mean for markets? Make sure you watch the latest Six Minute Strategy video from our Chief Market Strategist, Guy Monson, who reports from his recent on-the-ground visit to Washington D.C.
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