Small font size A Larger text size A Largest text size A

JPMorgan CEO Dimon says Fed independence 'absolutely critical'

BY Reuters | ECONOMIC | 07/15/25 08:21 AM EDT

July 15 (Reuters) - JPMorgan Chase (JPM) CEO Jamie Dimon said on Tuesday the independence of the Federal Reserve is "absolutely critical".

"The President said he's not going to try to remove Jay Powell," Dimon told reporters in a conference call. "The independence of the Fed is absolutely critical, and not just for the current Fed chairman, who I respect, but for the next Fed chairman."

"Playing around with the Fed can often have adverse consequences, absolutely opposite of what you might be hoping for," he said.

The comments come at a time when U.S. President Donald Trump has ramped up attacks on Fed Chair Jerome Powell. (Reporting by Niket Nishant in Bengaluru; Editing by Pooja Desai)

More Fixed Income News

FOREX-Yen wallows near record lows on cautious BOJ stance despite intervention warnings BY Reuters |ECONOMIC 10:50 PM EST
PRECIOUS-Gold hits record high on Fed rate-cut bets; silver scales fresh peak BY Reuters |ECONOMIC 10:47 PM EST
PRECIOUS-Gold, silver hit record highs on Fed rate-cut bets BY Reuters |ECONOMIC 09:28 PM EST
PRECIOUS-Gold hits all-time high, propelled by US rate-cut hopes, safe-haven appeal BY Reuters |ECONOMIC 08:49 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article