News

Dimon warns against political pressure on Federal Reserve

Dimon warns political pressure may undermine Federal Reserve’s credibility amid Trump administration’s ongoing criticism of Chair Jerome Powell

Published

6 months ago

July 16, 2025

Ahron Young

Dimon warns political pressure may undermine Federal Reserve’s credibility amid Trump administration’s ongoing criticism of Chair Jerome Powell

In Short:
Jamie Dimon defends the Federal Reserve’s independence amid Trump’s criticism of Chair Jerome Powell. Concerns rise over inflation and borrowing costs due to political pressures, but Powell’s position seems secure for now.

JPMorgan Chase CEO Jamie Dimon has publicly defended the independence of the Federal Reserve amid ongoing criticism from Donald Trump towards Fed Chair Jerome Powell.

Dimon stated the importance of a credible central bank, warning that political interference could have detrimental effects. His remarks follow growing concerns among Wall Street executives about the potential undermining of the Fed’s credibility due to political pressures.With rising budget deficits in a non-recession economy, the fear is that inflation tolerance could increase long-term borrowing costs, impacting households and businesses.

Trump has frequently mocked Powell and urged the Fed to significantly lower interest rates. Despite these tensions, Trump confirmed he has no plans to remove Powell, whose term expires next May.

Treasury Secretary Scott Bessent reiterated support for Powell, explaining the need for an independent central bank to ensure investor confidence in long-term government debt.

Market reactions suggest that any attempt to replace Powell could lead to significant yield increases on Treasury bonds, negatively impacting borrowing costs across the economy. Overall, the financial community remains wary but believes immediate threats to Powell’s position are low.

News

Global stocks wobble as Davos kicks off and Trump reshapes geopolitics

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

Published

14 hours ago

January 23, 2026

Harvey Vargas

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

Global stock markets endured a volatile week as world leaders gathered in Switzerland for the World Economic Forum, with investors closely watching signals on inflation, interest rates and geopolitical risk.

The Davos meetings set a cautious tone, as uncertainty weighed on market sentiment across regions.

Adding to the tension, Donald Trump announced a deal involving Greenland, reigniting debate over strategic assets and global influence. The unexpected move injected fresh geopolitical risk into markets already grappling with an unsettled global outlook.

Kyle Rodda from Capital.com, breaks down how markets are reacting, what the Greenland announcement could mean for investors, and what to watch next as Davos concludes.

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News

Zelenskyy reveals planned UAE talks with Russia and the United States

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

Published

19 hours ago

January 23, 2026

Ahron Young

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

Volodymyr Zelenskyy says trilateral talks with Russia and the United States are planned in the United Arab Emirates as efforts to end the war intensify.

He also criticised European leaders at the World Economic Forum, calling for stronger political will.