President Donald Trump moved quickly to stop the Department of Labor’s implementation of the fiduciary rule, signing an executive order during his second week in office.
The American public, however, isn’t so sure this is a good idea.
Pew Research Center reported this week that 49% of Americans in a recent survey said “the government has not gone far enough in regulating financial institutions and markets, leaving the country at risk of another financial crisis.”
In the same survey, 42% said the government had overstepped, “making it harder for the economy to grow.”
Pew said these views were largely unchanged over the past several years.
Princeton Data Source conducted telephone interviews in early February among a national sample of 1,503 adults, 18 and older, living the 50 U.S. states and the District of Columbia.
The research showed that 63% of Republicans and Republican leaners in the poll said the government had gone too far with financial regulations. Sixty-two percent of Democrats and Democratic-leaning independents said regulations had not gone far enough.