Dimon warns on Fed independence
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Jamie Dimon warned that markets are underestimating inflation and the risk of more Fed rate hikes amid global trade tensions.
JPMorgan Chase CEO Jamie Dimon said on Thursday he thought the financial market was underestimating the possibility of U.S. interest rates climbing higher, a prospect he described as a "cause for concern".
JP Morgan CEO Jamie Dimon has raised a red flag about the potential underestimation of the risk of higher U.S. interest rates by the financial markets.
July 14, 2025"He's a knucklehead. Stupid guy."President Donald Trump continues to attack Federal Reserve Chair Jerome Powell, whom he nominated for the role in 2017.:: July 1, 2025TRUMP: "We have a moron at the head of the Fed.
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Wells Fargo also reported its second-quarter earnings early Tuesday, beating Wall Street’s profit and revenue targets. Wells posted net income of $5.5 billion in the period. That works out to a profit of $1.60 per share, beating the $1.41 analysts expected and the $1.33 from the same quarter a year ago.
Bank puts $50 billion toward lending to riskier companies to compete with nonbank giants dominating market; Walgreens deal the payoff.