Jamie Dimon backs Fed’s ‘wait-and-see’ rate cut strategy despite Trump’s criticism of ‘Too Late Powell’ Eleanor Pringle Thu, May 22, 2025, 7:01 AM 4 min read

JPMorgan Chase CEO Jamie Dimon almost left Wall Street for Amazon in 1999 after a chat with Jeff Bezos, but ultimately stayed and became a successful investor.

President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to hold bonds.

JPMorgan CEO Jamie Dimon hit back at allies of President Trump on Tuesday, warning that the independence of the Federal Reserve is “absolutely critical” amid a move by GOP bigwigs to force under-fire Chair Jerome Powell to resign.

Jamie Dimon recently shared the investment philosophy that has been the cornerstone of his successful career: "Don't blow up."

JPMorgan Chase CEO Jamie Dimon has come to the defence of Fed chairman Jerome Powell, saying his cautious approach is appropriate.