Dimon warns politicizing the Fed could fuel inflation and higher rates

Jamie Dimon warned that Trump-era attacks on the Federal Reserve could backfire by raising inflation expectations and pushing rates higher, saying the Fed’s independence is crucial even as he voiced respect for Jay Powell. The comments came as JPMorgan Chase posted a 7% drop in Q4 2025 profits to about $13 billion amid weaker investment banking, though trading revenues rose. Central bankers publicly supported Fed independence amid a DOJ probe into Powell and broader scrutiny of monetary policy.