WASHINGTON — Senate Banking Committee chairman Christopher Dodd’s announcement yesterday that he will retire from public office will not harm and may actually bolster the likelihood of Congress passing sweeping financial regulatory reform, market participants and Democrats said yesterday.

During a briefing with reporters yesterday, White House press secretary Robert Gibbs said the Connecticut Democrat’s retirement will not make him a lame duck as he works on financial regulatory reform legislation.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.