JP Morgan CEO Jamie Dimon on Trump vs. Powell battle:
"First, I just want to say that I don't agree with everything that the Fed has done. I do have enormous respect for Jay Powell the man. Everyone we know believes in Fed independence, and so do we. And anything chips away at that is probably not a great idea. And in my view, it will have the reverse consequences. It will raise inflation expectations and probably increase rates over time."
Jerome Powell is like a ghost from our pre-2016 past. A sober, responsible, patriotic public official. His kind are nearing extinction. And isn’t it obvious why the Trump GOP would be hot to get rid of him? He’s the opposite of Trump-Vance-Hegseth-Noem-RFK-Gabbard-Patel …
If Jay Powell has a million fans, I am one of them
If Jay Powell has one fan, then it’s me
If Jay Powell has no fans, then I am dead.
Team Jay Powell always