(RECAP: New York Fed President Bill Dudley said he would be open to changes to banking regulations, though he cautioned against returning to the way things were before the financial crisis. President-elect Donald Trump has said he would be in favor of repealing the Dodd-Frank regulations put in place after the financial system nearly collapsed in 2008. “I think it would be a big mistake to go back to the pre-financial crisis set of regulations that we had in place,” he added. “That said, is Dodd-Frank perfect? I would be very hesitant to say that. So if there are aspects of Dodd-Frank that could be improved, it would be completely reasonable for Congress to take that on, and it’s obviously up to them.”)
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