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Dimon Defends Fed Independence After Trump Attacks

Dimon Defends Fed Independence After Trump Attacks

JPMorgan Chase Chief Executive Jamie Dimon sounded Wall Street's clearest warning against the Trump administration's attacks on Federal Reserve Chairman Jerome Powell, describing the central bank's independence as 'incredibly important.'
'Playing around with the Fed could have adverse consequences, the absolute opposite of what you might be hoping for,' Dimon told media members in a call after the bank's earnings announcement. 'It is important that they be independent.'
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