The Chamber Backs Trump's FTC Firing, but Argues Fed is Different

Also, Powell talks bank capital; judge puts open banking rule on hold; Democrats decry push for alternative assets in 401(k)s; Joe Montana on accredited investors

The Trump administration’s decision to summarily fire independent regulators has put the business community between a rock and a hard place. Many executives aren’t thrilled about the prospect of huge policy swings each time a new president installs a slate of overseers. On the other hand, they’ve been loath to criticize the current occupant of the White…