JPMorgan Chase CEO: Gaming the Fed often has adverse consequences

According to Odaily, Jamie Dimon, CEO of JPMorgan Chase, stated that the independence of the Federal Reserve is "absolutely crucial" for Powell and any future successors, warning that "playing with the Federal Reserve often produces adverse consequences" and could lead to "unintended results". Wall Street is closely watching this "big 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, with Powell's term as Federal Reserve Chairman set to end in May next year. (Jin Shi)