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JPMorgan CEO: Manipulating the Fed often leads to adverse consequences
Odaily News JPMorgan Chase CEO Dimon stated that the independence of the Fed is "absolutely crucial" for Powell and any future successor, and that "playing with the Fed often leads to adverse consequences" and may result in "unintended outcomes." Wall Street is closely watching the "drama" unfolding in Washington D.C., as Trump and other White House officials are increasing pressure on Powell to lower interest rates and find his successor. Powell's term as Fed Chair will end in May next year. (Jin Shi)