Jamie Dimon, Jerome Powell
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Alan Greenspan, Ben Bernanke, Janet Yellen and other former officials from Democratic and Republican administrations rushed to defend Powell and the Fed’s ability to set monetary policy free from political influence, calling the investigation “an unprecedented attempt to use prosecutorial attacks to undermine that independence.”
Dimon said the bank's expected $9 billion spending increase would help it stay competitive not only with other big banks, but also fintech companies.
JPMorgan Chase reported lower fourth-quarter profits Tuesday as CEO Jamie Dimon endorsed Federal Reserve independence and offered an upbeat reading on the US economy.
Jamie Dimon defended Powell, saying, "anything that chips away” at the central bank’s independence “is not a good idea."
The U.S. economy is "resilient," JPMorgan Chase CEO Jamie Dimon said Tuesday, but investors should remain wary of a range of possible "hazards" ahead.
The Trump administration is lifting regulations, and deal making is heating up. For Jamie Dimon, being JPMorgan Chase’s chief executive was more lucrative in 2025 than ever.