JPMORGAN'S CEO Dimon Says "We Should Be a Little Cautious" About Interest Rate Decisions 📉🏦🇺🇸
JPMORGAN CEO JAMIE DIMON: FED SHOULD BE CAUTIOUS ON RATE DECISIONS Jamie Dimon, CEO of JPMorgan Chase, urged a measured and cautious approach to interest rate decisions, warning that markets may be underestimating inflation risks and overestimating the likelihood of rate cuts.
DIMON: 'WE SHOULD BE A LITTLE CAUTIOUS' ON RATE DECISION
JPMorgan Chase CEO Jamie Dimon has issued a clear warning against political interference in the Federal Reserve, emphasizing the importance of maintaining the central bank's independence. Speaking amid President Donald Trump's public criticism and pressure on Federal Reserve Chairman Jerome Powell over interest rate policies, Dimon stated that the independence of the Fed is "absolutely critical" not only for Powell but also for his successors. Dimon highlighted that the President has indicated he will not attempt to remove Powell, underscoring the necessity of preserving the Fed's autonomy to ensure economic stability. This stance represents one of the strongest public defenses of the Federal Reserve's independence from a major Wall Street leader during ongoing tensions between the Trump administration and the Fed.