Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Unlock Watch Bulletin Free from White House
Trump’s second term Washington, your guide for what tools for business and world
Jamie Dimon warned that the independence of the US federal reserve was “critical”, because the Trump management increases the pressure of the Central Bank’s chair, “Critical”.
Treasury Secretary Scott Bessent said that Powell was a “formal process” as the chairman of the Fed, because the White House was not wanting to cut interest rates of the Central Bank.
However, JPMorgan’s CEO Dimon, “Fed’s independence is completely critical – and not only for the chairman of the Fed, but for the chair of the Fed, but for the next nutrition seat.”
“To play with the Fed, often negative results, in the absolute conversity,” Dimon called with bank analysts on Tuesday.
Bessent, as Donald Trump insisteds that Fed’s chairs are not fired, said he was found to find a change to find a change for Powell.
“There is a formal process that started,” said Bloomberg television. “There are many great candidates. And we will see how fast it is moving. This will be the decision of Trump and its speed.”
Reviews of the Treasury Secretariat described as “a stubborn mule” and “Numbkull”, like “Numbkull”, “Numbkull”, “Numbkull” and the United States are most appreciated to reduce debt payments.
Trump, on Tuesday, journalists said that Bessent was a “choice” to succeed in Powel. However, the president said he preferred the secretary of the treasury in the present article and loves his work. ”
In the Fed, any decision to reduce debt expenses will depend on economic information. Official figures released on Tuesday, Trump’ın sweeping tariffs have put up higher pressure and reduce the odds that prevent merchants from cutting down to the near-term period.
Powell can stand as a Fed chair in May 2026, but until 2028, the Central Bank may remain governor.
Bessent suggested that Powell left the board completely, the warning that could not be caused by “confusion.”
“Traditionally nourished seat also falls as governor,” he said.
“A shadow has a lot of talking about the nourishing chair, or I can say that it will be very confused for the department of the past.”
Trump’s repetition attacks and only reduce interest rates only raised the concerns on the wall street on the independence of the Central Bank.
Kevin Hassett, director of the National Economic Council, which seemed to be a bidder to get the next Fed’s challenge, said Powell’s weekend was “viewed.”
However, Ressent insisted that Trump did not intend to burn Powel.
“President Trump has repeatedly intended to burn Jay Powell,” Bessent added: “I think independent Central Bank is very important for monetary policy.”
Additional Report by Joshua Franklin
