Tag Archives: independence

Fed Independence Is a ‘Myth,’ JPMorgan’s Benhamou Says  Bloomberg Trump’s Attacks on Powell and the Fed Ripple Through Global Economy  The New York Times Why Some Trump Allies Want to Protect the Fed’s Independence  Politico What History Tells Us About the Perils of Firing Jerome Powell – WSJ  The Wall Street Journal A well-run economy needs an independent Federal Reserve, says former reserve bank …

The boss of JP Morgan Chase, Jamie Dimon, has defended the “absolutely critical” independence of the Federal Reserve chair, as Donald Trump continues to demand immediate cuts in interest rates. The US treasury secretary, Scott Bessent, said on Tuesday that a formal process for choosing a successor to the Fed chair, Jerome Powell, had already begun – despite the fact …