Trump won’t rule out sacking Powell
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Jamie Dimon, JPMorgan Chase's CEO, cautioned President Trump on the risks of tariffs to the US economy during the bank's earnings call. He stressed the importance of the Federal Reserve's independence,
Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.
JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve is 'absolutely critical' and that 'playing around with the Fed can often have adverse consequences.'
JPMorgan CEO Jamie Dimon warned that President Trump’s trade policies pose “significant risks” to the US economy — even as the bank announced second quarter profits that were once again boosted by
JPMorgan Chase CEO Jamie Dimon defended the Federal Reserve's independence amidst President Trump's pressure for rate cuts, cautioning against policy interference. Dimon highlighted potential adverse consequences of meddling with the central bank.
The CEO of the biggest U.S. bank warned Tuesday that “playing around with the Fed can often have adverse consequences.”
Jamie Dimon warned that markets are underestimating inflation and the risk of more Fed rate hikes amid global trade tensions.