Wall Street’s Biden Fans Greet His Economy Team With Relief
- Recruitment by the centrist Democrat puts industry at ease
- ‘Nobody has said to me that this is really disappointing’
President-elect Joe Biden
Photographer: Mark Makela/Getty Images
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Wall Street has spent years wondering how closely the next Democrat to occupy the White House would listen to the industry. As President-elect Joe Biden builds his administration, the reaction across the financial landscape is relief.
Biden’s supporters in the business, Democrats as well as some Republicans, are satisfied and in some cases jubilant as he starts filling his White House and other posts, even though he hasn’t given key perches to billionaires or financial titans such as JPMorgan Chase & Co.’s Jamie Dimon or BlackRock Inc. co-founder Larry Fink.