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.
The heads of major central banks have thrown their support behind the US Federal Reserve and its chairman Jerome Powell, saying in a joint statement Tuesday that it was "critical to preserve" their independence.Â
The heads of major central banks have thrown their support behind the US Federal Reserve and its chairman Jerome Powell, saying in a joint statement Tuesday that it was "critical to preserve" their independence.Â
Long-running tensions between President Donald Trump and Federal Reserve Chair Jerome Powell have escalated. On Jan. 9, the Justice Department served the Federal Reserve with grand jury subpoenas. On Jan. 11, Powell released a video statement saying that the Justice Department threatened him with a criminal indictment tied to his congressional testimony on the ongoing...
US Federal Reserve Chair Jerome Powell has generally avoided escalation in the face of Donald Trump's relentless criticism -- but in recent months, the central banker has become a rare figure to publicly resist his attacks.
Asian equities posted gains Monday while the dollar dipped as investors digested news that the US Justice Department subpoenaed the Federal Reserve, raising fears over US central bank independence.
Federal Reserve Chairman Jerome Powell said Sunday that the central bank had been subpoenaed by the US Justice Department, blasting the move as part of President Donald Trump's extraordinary pressure campaign on US monetary policy decisions.
