Jamie Dimon backs Fed’s ‘wait-and-see’ rate cut strategy despite Trump’s criticism of ‘Too Late Powell’

Q: How long will it take to read this news story?

The story "Jamie Dimon backs Fed’s ‘wait-and-see’ rate cut strategy despite Trump’s criticism of ‘Too Late Powell’" has 772 words across 4 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Jamie Dimon backs Fed’s ‘wait-and-see’ rate cut strategy despite Trump’s criticism of ‘Too Late Powell’" was covered 13 hours ago by Fortune, a news publisher based in United States.

Q: How trustworthy is 'Fortune' news outlet?

Fortune is a fully independent (privately-owned) news outlet established in 1929 that covers mostly economy and business news. The outlet is headquartered in United States and publishes an average of 32 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28904658</li><li>URL: https://z7.beamstart.com/news/jamie-dimon-backs-feds-wait-17479124676456</li></ul>

Fortune Logo Fortune 13h ago

Jamie Dimon backs Fed’s ‘wait-and-see’ rate cut strategy despite Trump’s criticism of ‘Too Late Powell’ - Fortune

Quick Summary:

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

The tone of caution that Powell has set in 2025 has drawn the ire of the Oval Office—perhaps unsurprising given the fact that President Trump was pressuring the FOMC even on the campaign trail.

As fears about America’s debt-to-GDP ratio increase, prompting questions about how Uncle Sam will be able to foot its bills, speculation is increasing that the central bank may be forced to step in with a form of quantitative easing to cover the costs.