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JPMorgan's Dimon warns against 'playing around with the Fed' as Powell pressure mounts
JPMorgan Chase (JPM) CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve is "absolutely critical" for Jerome Powell and whoever succeeds him as chairman of the central bank. "Playing around with the Fed can often have adverse consequences," Dimon told reporters after JPMorgan reported its first quarter earnings, adding that it can produce "the absolute opposite of what may be hoping for." Wall Street is paying close attention to the drama unfolding in Washington, D.C., as President Trump and other White House officials intensify their pressure on Powell to lower interest rates and conduct a ... (full story)
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