Trump has been highly critical of Jerome Powell this year, pressuring him to cut rates. The Fed Chair has said he's awaiting further clarity on inflation.

JPMorgan Chase CEO Jamie Dimon went to bat Tuesday for the Federal Reserve and its chair, Jerome Powell, as the White House pondered ousting him over disagreements about the path of short-term

Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.

The CEO of the biggest U.S. bank warned Tuesday that “playing around with the Fed can often have adverse consequences.”

JPMorgan CEO Jamie Dimon warned that President Trump’s trade policies pose “significant risks” to the US economy — even as the bank announced second quarter profits that were once again boosted by

Jamie Dimon is warning the Trump administration not to try to oust Fed chief Jerome Powell before his term expires next year. ・"I think the independence of the Fed is absolutely critical," the CEO of JPMorgan told reporters in a conference call.

Key Takeaways JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve remains critically important.The comments come after President Donald Trump has spent months pressuring Fed Chair Jerome Powell to lower interest rates.

The Consumer Price Index (CPI) for June came in hotter than May's report as the first signs of Trump's tariffs appeared in the economic data. Excluding volatile food and energy prices, consumer prices rose 2.9% year over year compared to a 2.8% increase in May. Results were in line with economists' forecasts.

Jamie Dimon, JPMorgan Chase's CEO, cautioned President Trump on the risks of tariffs to the US economy during the bank's earnings call. He stressed the importance of the Federal Reserve's independence,