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,
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.'
The CEO of the biggest U.S. bank warned Tuesday that “playing around with the Fed can often have adverse consequences.”
Let the earnings barrage commence. JPMorgan (JPM) is out with a big earnings beat, and CEO Jamie Dimon is voicing his support for Federal Reserve Chairman Jerome Powell and the very institution President Trump and his team are attacking.
Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.
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
If President Donald Trump takes the unprecedented step of trying to fire Fed Chairman Jerome Powell, the effort would roil markets and likely be met with pushback in the courts. Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.
Amid a fresh set of attacks on Fed Chair Jerome Powell came reports that President Donald Trump might fire the central banker. Increasingly, Trump is frustrated with Powell for not lowering interest rates already.