JPMorgan CEO Jamie Dimon on Tuesday
stressed the importance of preserving the Federal Reserve’s independence, calling it “absolutely critical.” Speaking during the bank’s second-quarter earnings call, Dimon said that independence must be maintained not only under current Chair Jerome Powell — whom he expressed respect for — but also for future Fed leaders. He warned that political interference in the central bank’s operations “can often have adverse consequences.”MUFG with similar points:
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