Trump, Jerome Powell and Federal Reserve
Digest more
JPMorgan Chase CEO Jamie Dimon went to bat Tuesday for the Federal Reserve and its chair, Jerome Powell, as the White House pondered ousting him over disagreements about the path of short-term
Trump has been highly critical of Jerome Powell this year, pressuring him to cut rates. The Fed Chair has said he's awaiting further clarity on inflation.
The New York Times was first to report, Trump waved a draft letter firing Powell during a meeting with House Republicans, and soliciting their opinions on whether he should proceed. The next day, Trump confirmed that was true: “I talked about the concept of firing him,
Federal Reserve Chair Jerome Powell is facing pressure from all sides as the Fed’s banking regulation conference kicks off this week. President Trump has been threatening to fire Powell while
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,
14don MSN
JPMorgan Chase CEO Jamie Dimon said Thursday he thought the financial market was underestimating the possibility of US interest rates climbing higher, a prospect he described as a “cause for concern.” The Federal Reserve last month voted unanimously to leave rates unchanged.
The CEO of the biggest U.S. bank warned Tuesday that “playing around with the Fed can often have adverse consequences.”
9d
Newser on MSNJamie Dimon to Trump: Don't Mess With PowellJamie Dimon is warning the Trump administration not to try to oust Fed chief Jerome Powell before his term expires next year. ・"I think the independence of the Fed is absolutely critical," the CEO of JPMorgan told reporters in a conference call.
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 said Tuesday that the independence of the Federal Reserve is 'absolutely critical' and that 'playing around with the Fed can often have adverse consequences.'