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Business

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Jamie Dimon warns Federal Reserve subpoena 'not a good idea'

On HALO

3 weeks ago

JPMorgan Chase CEO Jamie Dimon said Tuesday that Justice Department grand jury subpoenas issued to the Federal Reserve risk undermining the central bank’s independence and could ultimately push inflation expectations higher. "While I don't agree with everything that the Fed has done, I do have enormous respect for Jay Powell, the man," Dimon said during a call with reporters after the company announced its fourth-quarter earnings report, according to Yahoo Finance."Everyone we know believes in Fed independence ... anything that chips away at that is probably not a good idea. In my view, it wil...

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3 weeks ago
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