Trump Taps Ferguson to Head FTC, Guilfoyle for Greece Post
New FTC Chair Signals Lighter Regulatory Approach, Big Tech Targeted
In a move signaling a shift in regulatory focus, President-elect Donald Trump has announced his intent to nominate Andrew Ferguson to lead the Federal Trade Commission (FTC) and Kimberly Guilfoyle as ambassador to Greece.
“Andrew Ferguson is a brilliant legal mind who will bring much-needed balance to the FTC,” Trump stated, conveying his confidence in Ferguson’s ability to guide the agency towards a more business-friendly approach.
The announcement came amidst speculation about the direction of the FTC under Trump’s administration. Ferguson, a prominent antitrust lawyer known for his work on behalf of major corporations, has publicly criticized the FTC’s recent aggressive stance towards corporate mergers and acquisitions. It’s expected that under his leadership, the commission will take a more lenient approach to antitrust enforcement.
Regarding Guilfoyle’s appointment, Trump described her as “a tremendous talent with deep experience in international diplomacy.” Guilfoyle, a lawyer and former television personality, served as a fundraiser and high-profile advocate for the Trump campaign.
Goldman Sachs Predicts Dealmaking Surge
The potential change in FTC leadership has sent ripples through the business community.
Goldman Sachs Chief Financial Officer Harvey Schwartz commented: "If Mr. Ferguson is confirmed, it could indeed lead to a more active M&A environment. A less stringent FTC could make it easier for companies to pursue strategic mergers and acquisitions."
This sentiment was echoed by industry analysts who anticipate a surge in dealmaking activity should Ferguson be confirmed as FTC Chair.
Trump Signals Return to Reagan-Era Regulation
The Trump administration’s focus on reducing government regulation extends beyond the FTC. This pointed focus on deregulation aligns with Trump’s stated commitment to rollback what he perceives as burdensome regulations hindering economic growth.
“We’re going to bring back common sense and fairness to our regulatory system,” Trump declared. "My administration will work to ensure that businesses, big and small, have the freedom to innovate and succeed."
The nominations of Ferguson and Guilfoyle embody this broader philosophy, reflecting Trump’s desire to reshape the regulatory landscape in favor of corporations, potentially marking a significant departure from the approached employed during the Obama administration.
The confirmations of both Ferguson and Guilfoyle require approval from the Senate.
