JPMorgan CEO Jamie Dimon says Federal Reserve’s independence is “absolutely critical”

JPMorgan CEO Jamie Dimon on Tuesday

pressured the significance of preserving the Federal Reserve’s independence, calling it “completely essential.” Talking throughout the financial institution’s second-quarter earnings name, Dimon stated that independence have to be maintained not solely beneath present Chair Jerome Powell — whom he expressed respect for — but in addition for future Fed leaders. He warned that political interference within the central financial institution’s operations “can typically have opposed penalties.”

MUFG with related factors:

count on authorized problem instantly to any try to fireplace Federal Reserve Chair Powellforecast a long-lasting hit to confidence within the establishment
This text was written by Eamonn Sheridan at www.forexlive.com.



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