Dimon, Trump and Fed
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Jamie Dimon, JPMorgan Chase's CEO, cautioned President Trump on the risks of tariffs to the US economy during the bank's earnings call. He stressed the importance of the Federal Reserve's independence,
Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.
"It doesn't occur to me in the slightest that there would be any situation in which I would not complete my term other than dying," Powell said in 2019.
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Trump Eyes Jamie Dimon For Treasury Secretary, ... Furthermore, Trump has assured that he will not seek to displace Federal Reserve Chair Jerome Powell before the end of his term.
Amidst Trump administration pressure and speculation, Congresswoman Luna claims Federal Reserve Chair Jerome Powell's dismissal is imminent. Treasury
The Consumer Price Index (CPI) for June came in hotter than May's report as the first signs of Trump's tariffs appeared in the economic data. Excluding volatile food and energy prices, consumer prices rose 2.9% year over year compared to a 2.8% increase in May. Results were in line with economists' forecasts.