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Amundi CIO says Donald Trump’s move to rein in regulators is a ‘big mistake’

Vincent Mortier warns president risks undermining trust in the US economy
Vincent Mortier says foreign investors have trust in the US economy because of the country’s democratic checks and balances

Donald Trump’s move to tighten his grip on independent US watchdogs is “a big, big mistake” that risks eroding trust in the world’s biggest economy, Europe’s largest asset manager has warned.

The Trump administration has pushed for greater control of regulators, signing an executive order late on Tuesday that “reins in independent agencies” and requires them to submit draft regulations for review.

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