Wharton Business Daily
US Banks 2019: A Look Ahead
We're featuring a series this month called “2019: A Look Ahead” and continue with a look at the banking sector. Overall, banks have done well under the Trump administration that has worked on cutting regulations. But, some banks found themselves in trouble last year, such as the Deutsche Bank which was involved in a tax evasion scandal. With the economy still going strong, the Federal Reserve has raised interest rates several times to make sure the economy doesn’t overheat and lead to more economic problems. This move has drawn criticism from President Trump who claims it's hurting the economy. Host Dan Loney speaks with Peter Conti Brown is an Assistant Professor of Business Studies and Legal Ethics at the Wharton school and Lisa Cook is an Associate Professor of Economics and International Relations at Michigan State University, to discuss what might be in store for the Fed and the banks in 2019 on Knowledge@Wharton.