If each were elected president, Donald Trump would kill the Department of Labor’s fiduciary rule and Hillary Clinton would not, U.S. Chamber of Commerce Employee Benefits policy chief Randy Johnson predicted Thursday.
Johnson said the chamber would continue to try to void the fiduciary regulations in Congress as well as the courts.
“We are going to fight on all fronts,” he vowed.
The group took a leading role in the first lawsuit filed against the regulations, which would require retirement fund advisors to put the financial well-being of participants above their own.
His comments came at the chamber’s annual Labor Day press briefing.
At the event, chamber Chief Economist J.D. Foster said the economy is very fragile and very weak.
“(Obama Administration) economic policy is not faring very well,” said Foster.
He claimed investments by businesses needed to boost the economy are dropping because there is insufficient expectations of future growth.
The White House, however, has been boasting of years of post-recession job growth. Foster said he doubts that growth will continue because of a lack of strength in the economy.