Trump Shreds Fed Chair Jerome Powell
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Jamie Dimon backs Fed’s ‘wait-and-see’ rate cut strategy despite Trump’s criticism of ‘Too Late Powell’ Eleanor Pringle Thu, May 22, 2025, 7:01 AM 4 min read
Jamie Dimon recently shared the investment philosophy that has been the cornerstone of his successful career: "Don't blow up."
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.
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to hold bonds.
"We've got to get our act together," JPMorgan Chase & Co. JPM CEO Jamie Dimon said in late May, warning that poor governance, not China, could erode U.S. leadership. Speaking at the Reagan National Economic Forum in Simi Valley,
JPMorgan Chase CEO Jamie Dimon has come to the defence of Fed chairman Jerome Powell, saying his cautious approach is appropriate.