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Jamie 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 warned President Donald Trump against interfering with Federal Reserve independence, emphasizing its critical importance.
- Trump has expressed dissatisfaction with Fed Chair Jerome Powell and mentioned considering his removal, although he clarified he wouldn’t act before Powell's term ends next year.
- Market experts cautioned that disrupting the Fed's independence could lead to significant financial market consequences, including higher bond yields and increased inflation fears.
- Dimon emphasized the importance of the Fed's independence, stating it is critical for both current and future chairpersons.
43 Articles
43 Articles
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