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Jamie Dimon Warns Political Interference With Fed Could Raise Rates
Jamie Dimon cautioned that political interference with the Fed could push up interest rates and inflation by weakening central bank independence.
JPMorgan CEO Jamie Dimon warned that political interference in the Federal Reserve could lead to higher interest rates and inflation by undermining the central bank’s independence. Speaking after earnings results, he defended Federal Reserve Chair Jerome Powell amid political pressure and a Justice Department investigation. Dimon stressed that preserving monetary autonomy remains crucial to avoid destabilising economic outcomes from politicised rate decisions.