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JPMorgan Chase CEO: Manipulating the Federal Reserve Often Leads to Negative Consequences
Summary: In a recent statement, JPMorgan Chase CEO Jamie Dimon emphasized the crucial importance of the Federal Reserve's independence for Chairman Powell and any future successors, stating that 'manipulating the Federal Reserve often leads to negative consequences' and could result in 'unintended outcomes'. Wall Street is closely monitoring the unfolding drama in Washington, as President Trump ...
In a recent statement, JPMorgan Chase CEO Jamie Dimon emphasized the crucial importance of the Federal Reserve's independence for Chairman Powell and any future successors, stating that 'manipulating the Federal Reserve often leads to negative consequences' and could result in 'unintended outcomes'. Wall Street is closely monitoring the unfolding drama in Washington, as President Trump and other White House officials increase pressure on Powell to lower interest rates and seek his successor, as Powell's term as Federal Reserve Chairman ends in May next year.
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Link: JPMorgan Chase CEO: Manipulating the Federal Reserve Often Leads to Negative Consequences [Copy]
