Trump hits back at JP Morgan CEO’s defence of Federal Reserve
NegativeU.S News

- Donald Trump has publicly criticized JP Morgan CEO Jamie Dimon for suggesting that Trump is undermining the Federal Reserve's independence, amidst ongoing scrutiny of the Fed's chair, Jerome Powell, who is facing a criminal investigation by the US Department of Justice. This criticism highlights the contentious relationship between the Trump administration and the central bank.
- The remarks from Trump come at a time when he is actively seeking to influence the selection of the next Fed chair, indicating a desire for greater control over monetary policy. Trump's preference for candidates who align with his views on interest rates underscores his ongoing engagement with economic governance.
- This situation reflects broader tensions regarding the Federal Reserve's role and independence, as Trump's administration has faced legal challenges and public backlash over its financial policies. The debate over the Fed's leadership and its operational autonomy continues to be a focal point in discussions about economic stability and governance in the United States.
— via World Pulse Now AI Editorial System







