Jamie Dimon says pressure on chair Jerome Powell could ultimately push up borrowing costs
The boss of JP Morgan, the largest US bank, has said Donald Trump’s attacks on the Federal Reserve chair Jerome Powell are putting central bank independence at risk and could ultimately push up borrowing costs.
Jamie Dimon told reporters on Tuesday he had “enormous respect” for the Fed chair, who on Friday became the target of a controversial criminal investigation by the US Department of Justice (DoJ) over alleged “abuse of taxpayer dollars”.
Continue reading…Jamie Dimon says pressure on chair Jerome Powell could ultimately push up borrowing costsGlobal central banks offer ‘full solidarity’ to US Fed’s Powell amid Trump threatsThe boss of JP Morgan, the largest US bank, has said Donald Trump’s attacks on the Federal Reserve chair Jerome Powell are putting central bank independence at risk and could ultimately push up borrowing costs.Jamie Dimon told reporters on Tuesday he had “enormous respect” for the Fed chair, who on Friday became the target of a controversial criminal investigation by the US Department of Justice (DoJ) over alleged “abuse of taxpayer dollars”. Continue reading…
