Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks

"Trump's proposal to cap credit card interest rates appears to be a double-edged sword. While it aims to reduce consumer financial strain, it has ignited significant opposition from the banking sector, raising doubts about its feasibility. Moreover, in the context of rising interest rates, the market's reception to such proposals remains uncertain. Observing the implications of these developments on the credit market is crucial, as they could pose new risks for investors. This scenario warrants close attention as the market navigates through these potential policy changes."