Jamie Dimon, Fed and DOJ
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Fed, Trump and JPMorgan Chase
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Jamie Dimon on Tuesday defended the Federal Reserve after it was subpoenaed by the Justice Department, saying that “anything that chips away” at the central bank’s independence “is not a good idea.”Dimon,
JPMorgan CEO Jamie Dimon warns Justice Department subpoenas against the Federal Reserve could raise inflation expectations and undermine independence.
Dimon said the bank's expected $9 billion spending increase would help it stay competitive not only with other big banks, but also fintech companies.
JPMorgan Chase CEO Jamie Dimon has emerged again as a fervent supporter of Federal Reserve chief Jerome Powell. His backing comes on the heels of Powell’s announcement that the Department of Justice had issued a subpoena against the central bank.
JPMorgan Chase reported lower fourth-quarter profits Tuesday as CEO Jamie Dimon endorsed Federal Reserve independence and offered an upbeat reading on the US economy.
16hon MSN
JPMorgan's CFO warns cutting credit card interest could make the business not worth being in
America's biggest bank by assets, JPMorgan Chase, reported fourth-quarter earnings on Tuesday.