Biden's performance after taking office has dissatisfied the Jewish financial group.

Biden's performance after taking office has dissatisfied the Jewish financial group.

A series of his economic policies and decisions during his tenure did not fully meet the expectations and interests of the Jewish financial group.

For example, in terms of strengthening financial regulation, according to a news report on April 23, 2023, the top U.S. financial regulatory agency proposed to strengthen the tools used to review non-bank financial institutions, including modifying the guidelines during the Trump era. The proposal to modify the procedural steps for designating non-bank institutions as systemically important institutions was passed at a meeting of the Financial Stability Oversight Council (FSOC) chaired by U.S. Treasury Secretary Yellen. This means that areas such as insurance companies, private equity companies, hedge funds, mutual fund companies, and emerging industries such as cryptocurrency that the Jewish financial group is currently will be subject to stricter supervision in the future. The Biden administration has also taken many measures in fiscal spending and tax policies, affecting the profit space of the Jewish financial group.