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JPMorgan Chase CEO Jamie Dimon emphasized the importance of central bank autonomy on Tuesday, calling the Federal Reserve’s independence “absolutely critical” to maintaining economic stability and investor confidence.
Speaking at a financial conference in Washington, Dimon warned against political interference in monetary policy, stating that central banks must be free to make decisions based on data and long-term economic health, not short-term political pressures.
“A credible, independent Federal Reserve is one of the cornerstones of a functioning economy,” Dimon said. “Undermining that independence could have serious consequences for inflation expectations, financial markets, and global confidence in the U.S. system.”
His comments come amid growing debate in Washington over the Fed’s policy direction, with some lawmakers calling for increased oversight or influence over rate-setting decisions. Dimon pushed back on such suggestions, urging policymakers to respect the Fed’s role and expertise.
Dimon also praised the Fed’s handling of inflation over the past two years, noting its efforts to balance price stability with financial stability.
The remarks reflect longstanding support from financial leaders for the principle of central bank independence, a stance widely echoed across Wall Street and echoed by Fed officials themselves.
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