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Jamie Dimon

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business15 hours ago

Trump attacks Fed independence as Dimon defends Powell

President Trump claims the Fed is not independent and pushes for lower interest rates, drawing a response from Jamie Dimon who warns against undermining the central bank. Powell faces a DOJ probe over renovations to the Fed HQ, while Trump signals a replacement for Powell in the coming weeks. Bankers including Robin Vince stress that independence is essential, and Powell’s disclosures to lawmakers about the $2.5 billion renovation complicate the administration’s criticisms.

via The Guardian|
#business#federal-reserve#jamie-dimon
business1 day ago

Dimon warns Trump’s Fed attacks could backfire and fuel inflation

Jamie Dimon says Trump’s criticisms of Fed Chair Powell threaten Fed independence and could backfire by raising inflation expectations and future interest rates, as central banks rally to Powell; JP Morgan posts a 7% drop in Q4 profit to $13bn linked to a one-off Apple credit-card deal, while CFOs warn that a proposed 10% cap on credit-card interest could harm consumers and the wider economy.

via The Guardian|
#business#donald-trump#federal-reserve
business1 day ago

JPMorgan Profit Dips as Rates Fall and Apple Card Deal Adds Headwinds

JPMorgan Chase posted 2025 earnings of $57 billion, down from 2024’s record $59 billion, due to lower interest rates squeezing net interest income, higher reserves for loan losses, and costs from acquiring Apple’s branded credit card; fourth-quarter profit fell 7% to $13 billion, while CEO Jamie Dimon signaled potential long-term benefits from deregulation and policy as headwinds persist.

via The New York Times|
#apple-card-acquisition#business#credit-losses
business1 day ago

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.

via Financial Times|
#business#fed-independence#federal-reserve
business2 months ago

Argentina's President Milei to meet JPMorgan CEO Dimon this week

Argentine President Javier Milei is scheduled to meet JPMorgan CEO Jamie Dimon in Buenos Aires this week during a conference, amid ongoing economic reforms and crucial elections, with U.S. support including a $20 billion stabilization agreement and discussions on sovereign debt investment. The meeting highlights the ongoing financial and political developments in Argentina as it seeks international backing for its reforms.

via Reuters|
#argentina#argentina-elections#business
business3 months ago

JPMorgan CEO Jamie Dimon Acknowledges Gold's 'Semi-Rational' Rise Amid Skyrocketing Prices

JPMorgan CEO Jamie Dimon, traditionally a gold skeptic, now sees some rationality in holding gold as part of an investment portfolio amid rising prices and global tensions, though he personally is not a buyer. Experts and banks like Goldman Sachs, HSBC, and ANZ have increased their gold price forecasts for the coming years, citing geopolitical tensions, financial instability, and safe-haven demand as key factors driving the bullish outlook on gold.

via Times of India|
#business#economic-uncertainty#gold