Trump Shreds Fed Chair Jerome Powell
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Jamie Dimon backs Fed’s ‘wait-and-see’ rate cut strategy despite Trump’s criticism of ‘Too Late Powell’ Eleanor Pringle Thu, May 22, 2025, 7:01 AM 4 min read
Jamie Dimon recently shared the investment philosophy that has been the cornerstone of his successful career: "Don't blow up."
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to hold bonds.
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JPMorgan Chase CEO Jamie Dimon has come to the defence of Fed chairman Jerome Powell, saying his cautious approach is appropriate.