Trump calls it ‘highly unlikely’ he’ll fire Fed chair Powell
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2hon MSN
Senate Banking Committee Sen. Elizabeth Warren (D-Mass.) joins 'Squawk box' to discuss the escalating feud between President Trump and Fed Chair Powell, the importance of Fed independence, her thoughts on Zohran Mamdani's politics,
Goldman Sachs Chief Executive David Solomon, Bank of America head Brian Moynihan and Citigroup’s Jane Fraser said on Wednesday the central bank’s ability to operate without White House or political interference is critical to the U.S. economy and financial markets. They followed JPMorgan Chase CEO Jamie Dimon, who said the same thing on Tuesday.
20hon MSN
Bank of America CEO stresses Federal Reserve independence as key to economic stability amid political pressures. Learn why global markets depend on it.
Some of the biggest names on Wall Street are getting louder about the importance of an independent Federal Reserve as the White House pressure on Jerome Powell intensifies.
JPMorgan Chase CEO Jamie Dimon said on Tuesday the independence of the Federal Reserve is "absolutely critical".
JPMorgan Chase CEO Jamie Dimon defended the Federal Reserve's independence amidst President Trump's pressure for rate cuts, cautioning against policy interference. Dimon highlighted potential adverse consequences of meddling with the central bank.