White House confirms Cohn's remarks on banking law Glass-Steagall
WASHINGTON, April 6 One of President Donald Trump's top economic advisers has expressed support for a new version of the Glass-Steagall banking law, which would separate commercial and investment banking activities, a White House spokesperson said Thursday.
Gary Cohn, Trump's director of the National Economic Council, reiterated Trump's previously stated support on the campaign trail for a "21st century Glass-Steagall" during a private meeting with lawmakers on Wednesday, the spokesperson said. (Reporting by Sarah N. Lynch and Pete Schroeder; Editing by Chizu Nomiyama)