US EditionJamie Dimon touts Fed independence as Trump ponders replacing Jerome Powell
UNITED STATES, JUL 15 – JPMorgan CEO Jamie Dimon warns that tariffs may increase inflation and raise recession risk, emphasizing the Federal Reserve's independence as key to economic stability.
- Jamie Dimon, CEO of JPMorgan Chase, emphasized the importance of Federal Reserve independence, stating that it is "absolutely critical".
- Despite risks such as tariffs and trade uncertainty, Dimon noted that the U.S. economy has remained resilient.
- Dimon warned against attempts to replace Federal Reserve Chair Jerome Powell, highlighting the adverse consequences of such actions.
- President Donald Trump has criticized Jerome Powell publicly and suggested his replacement, which Dimon cautioned against.
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The Business TimesJPMorgan CEO reveals what's keeping the American economy strong despite global challenges
JPMorgan Chase CEO Jamie Dimon on Tuesday said that while the U.S. economy has stayed strong through the second quarter of this year, there remain potential stumbling blocks to the economic outlook.Dimon said that the "U.S. economy has remained resilient" and noted that while there are potential boosts coming from the enactment of Republicans' tax and spending package, other headwinds could dampen the economic outlook going forward."The finaliza…
"YOU MUST BE KIDDING!" Trump Breaks his Poker Face Responding to Reporter Asking if He'll Appoint "Too Late" Jerome Powell for Another Term as Fed Chair: "I Don't Think He Could do a Worse Job."
President Trump on Tuesday had a playful moment with the reporter, who asked for details on the President’s last conversation with Federal Reserve Chairman Jerome Powell, who Trump has repeatedly attacked for refusing to lower interest rates. Recall that Jerome Powell cut interest rates 50 basis points in September when inflation was MUCH HIGHER to boost Kamala Harris.
Dimon Defends Fed Chair Powell Amid WH Attacks
J.P. Morgan Chase CEO Jamie Dimon cautioned the White House on Tuesday, saying Federal Reserve Chairman Jerome Powell must maintain his independence despite the attacks from President Donald Trump regarding interest rates. On the bank's earnings call, Dimon told reporters: "I think the independence of the Fed is absolutely critical. Playing around with the Fed can have adverse consequences, the absolute opposite of what you might be hoping for."…
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